The following additional keywords are useful in conjunction with these basis set keywords:. Gaussian users should be aware of the following points concerning pure vs. Cartesian basis functions:. Gaussian 16 provides the density fitting approximation for pure DFT calculations [ Dunlap83 , Dunlap00 ]. This approach expands the density in a set of atom-centered functions when computing the Coulomb interaction instead of computing all of the two-electron integrals.
It provides significant performance gains for pure DFT calculations on medium sized systems too small to take advantage of the linear scaling algorithms without a significant degradation in the accuracy of predicted structures, relative energies and molecular properties.
Gaussian 16 can generate an appropriate fitting basis automatically from the AO basis, or you may select one of the built-in fitting sets. The desired fitting basis set is specified as a third component of the model chemistry, as in this example:. Note that slashes must be used as the separator characters between the method, basis set, and fitting set when a density fitting basis set is specified. Density fitting sets can be generated automatically from the AO primitives within the basis set.
This is requested using the Auto fitting set keyword. Finally, the PAuto form generates all products of AO functions on one center instead of just squares of the AO primitives, but this is typically more functions than are needed. By default, no fitting set is used. Density fitting basis sets may be augmented with the ExtraDensityBasis keyword, defined in full with the Gen keyword, and optionally retrieved from the checkpoint file use ChkBasis to do so.
The options to the DensityFit keyword can be used to control some aspects of the fitting set used within calculations. Density fitting can be made the default for jobs using pure DFT functionals by adding the DensityFit keyword to the route section - - line in the Default. Route file. Fitting is faster than doing the Coulomb term exactly for systems up to several hundred atoms depending on basis set , but is slower than exact Coulomb using linear scaling techniques which are turned on automatically with exact Coulomb for very large systems.
Bank may choose to finance when the goods are exported on consignment basis at the risk of the exporter for sale and eventual payment of sale proceeds to him by the consignee. In case of export through approved Indian owned warehouses abroad the times limit for realization is 15 months. It is a very common practice in export to leave small part undrawn for payment after adjustment due to difference in rates, weight, quality etc.
Banks do finance against the undrawn balance, if undrawn balance is in conformity with the normal level of balance left undrawn in the particular line of export, subject to a maximum of 10 percent of the export value. An undertaking is also obtained from the exporter that he will, within 6 months from due date of payment or the date of shipment of the goods, whichever is earlier surrender balance proceeds of the shipment.
Duty Drawback is a type of discount given to the exporter in his own country. This discount is given only, if the inhouse cost of production is higher in relation to international price. This type of financial support helps the exporter to fight successfully in the international markets. In such a situation, banks grants advances to exporters at lower rate of interest for a maximum period of 90 days.
These are granted only if other types of export finance are also extended to the exporter by the same bank. After the shipment, the exporters lodge their claims, supported by the relevant documents to the relevant government authorities.
Importer should comply with the related extant instructions relating to imports including those on advance payment being made for import of goods. AD Category — I banks may frame their own internal guidelines to deal with such cases as per a suitable policy framed by the bank's Board of Directors. Banks must ensure the following:. The importer should be a recognised processor of rough diamonds and should have a good track record.
AD Category - I banks should, undertake the transaction based on their commercial judgment and after being satisfied about the bonafides of the transaction. Advance payments should be made strictly as per the terms of the sale contract and should be made directly to the account of the company concerned, that is, to the ultimate beneficiary and not through numbered accounts or otherwise and AD banks should ensure that they have created the Outward Remittance Message ORM for all such outward remittances in IDPMS.
Further, due caution may be exercised to ensure that remittance is not permitted for import of conflict diamonds Kimberly Certification.
Accordingly, AD Category — I banks may allow advance remittance, without obtaining a bank guarantee or an unconditional, irrevocable Standby Letter of Credit, up to USD 50 million, for direct import of each aircraft, helicopter and other aviation related purchases. The remittances for the transactions at 1 and 2 above shall be subject to the following conditions:. KYC and due diligence exercise should be done by the AD Category-I banks for the Indian importer entity and the overseas manufacturer company as well.
Advance payments should be made strictly as per the terms of the sale contract and directly to the account of the manufacturer supplier concerned. AD Category - I banks may frame their own internal guidelines to deal with such cases, with the approval of their Board of Directors.
Physical import of goods into India is made within six months three years in case of capital goods from the date of remittance and the importer gives an undertaking to furnish documentary evidence of import within fifteen days from the close of the relevant period.
It is clarified that where advance is paid as milestone payments, the date of last remittance made in terms of the contract will be reckoned for the purpose of submission of documentary evidence of import. In the event of non-import of aircraft and aviation sector related products, AD Category - I bank should ensure that the amount of advance remittance is immediately repatriated to India. Prior approval of the concerned Regional Office of the Reserve Bank will be required in case of any deviation from the above stipulations.
AD Category — I bank may allow advance remittance for import of services without any ceiling subject to the following conditions:. Where interest is not separately claimed or expressly indicated, remittances may be allowed after deducting the proportionate interest for the unexpired portion of usance at the prevailing LIBOR of the currency of invoice.
Where goods are short-supplied, damaged, short-landed or lost in transit and the Exchange Control Copy of the import licence has already been utilised to cover the opening of a letter of credit against the original goods which have been lost, the original endorsement to the extent of the value of the lost goods may be cancelled by the AD Category — I bank and fresh remittance for replacement imports may be permitted without reference to Reserve Bank, provided, the insurance claim relating to the lost goods has been settled in favour of the importer.
It may be ensured that the consignment being replaced is shipped within the validity period of the license. AD Category — I bank may allow BPO companies in India to make remittances towards the cost of equipment to be imported and installed at their overseas sites in connection with the setting up of their International Call Centres ICCs subject to the following conditions:.
Import bills and documents should be received from the banker of the supplier by the banker of the importer in India. AD Category — I bank should not, therefore, make remittances where import bills have been received directly by the importers from the overseas supplier, except in the following cases:.
Receipt of import documents by the importer directly from overseas suppliers in case of specified sectors. Status holder importers as defined in the Foreign Trade Policy dealing in the import of rough diamonds, rough precious and semi- precious stones can receive import bills directly from the suppliers without any ceiling. AD Category - I banks may undertake such transactions subject to the following conditions:. Before extending the facility, they should also obtain a report on each individual overseas supplier from the overseas banker or reputed overseas credit rating agency.
However, such credit report on the overseas supplier need not be obtained in cases where the invoice value does not exceed USD , provided the AD Category — I bank is satisfied about the bonafides of the transaction and track record of the importer constituent. The revised procedure is as under:. The importer has not come to the adverse notice of the Enforcement Directorate or the Central Bureau of Investigation or any such other law enforcement agency; and.
Similarly, if BoE data is not settled against ORM within the prescribed period, AD Category — I banks shall follow up with the importer in terms of extent instructions. Verification and Preservation. It should, however, be ensured that atleast one communication with the importer in this regard is by issuance of registered letter.
On operationalization of IDPMS, all outstanding import remittances, irrespective of the amount involved, will be reported into the system by banks and submission of a separate BEF statement would be discontinued from a date, to be notified separately. The scheme of import of gold was withdrawn on November 28, However, the obligation to export under the scheme would apply to the unutilised gold imported before November 28, Nominated banks and nominated agencies, as notified by DGFT, are permitted to import gold on consignment basis.
Shipment on Consignment Basis, a method used in International Trade. Under the consignment basis, the seller ships the goods to his agent or representative. Exporter retains legal title to the goods though the physical possession is with the agent. As and when agent sells the goods, he makes the remittance to the principal who is the exporter. There is no financial security to the exporter if the agent is dishonest, not sincere or fraudulent in working as no document of evidence in the form of Bill of Exchange is available to protect him from default.
In case goods are not sold, the agent will send back 1 the goods to the exporter, at the risk and cost of later. However, this form of payment arrangement is common in respect of those goods, which cannot be standardized in respect of quality such as tea, coffee, wool etc.
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