Date :06.01.14

The Manager,XYZ Bank, NEW DELHISUB: Merchanting trade declarationDear Sir / Madam,This is to inform you that I / we undertake merchanting trade and are in this business for 3 years.Presently, I / we are undertaking a merchanting trade transaction, details of which are given below:Buyer (Importer) : East Cantonments Pharmacy, P.O. Box 20149, Accra, GHANA.

Supplier (Exporter) : Jiangsu Jichun Medical Devices Co. Ltd., Zhenglu Town, Wujin, Changzhou, Jiangsu, CHINA.Goods : Sterile Disposable Syringes.Amount of export leg : USD 32,989.63 (USD Thirty Two thousand nine hundred and eighty nine and sixtythree cents only.)Amount of import leg : USD 28616.22 (USD Twenty Eight thousand six hundred and sixteen and twentytwo cents only.)I / We hereby confirm that:1. Goods involved in the transactions are permitted under extant EXIM policy published by ministry ofcommerce and industry, Government of India. I / We shall abide by all rules and regulations governed byexisting FEMA guidelines for export and import leg under merchanting trade.2. The entire merchant trade transaction shall be completed within a period of 6 months.3. Both import and export transactions shall get processed from your good bank only.4. The transactions shall not involve foreign exchange outlay for a period exceeding three months andpayment shall be received in time for the export leg.5. The terms of payment shall be such that the liability for the import leg of the transaction shall beextinguished by the payment received for the export leg of the transaction, without any delay.6. The amount of export leg shall be more than the amount of import leg.7. In case of advance payment for import leg of the transaction, arrangement shall be made forrepatriation of full amount remitted back to India in the event export proceeds are not received withinthe stipulated period.Yours faithfully,Mrs. NIGHTINGALE(Proprietor)