![]() ![]() Export bill – A bill drawn by an exporter on party outside India.Bills which are not inland bills are foreign bills. ![]() (6) Foreign bills – All bills of exchange payable outside India are foreign bills. (5) Inland Bills – It is a bill of exchange that is drawn in India and payable in India or a bill drawn on an Indian resident, either payable in India or any other country. The interest rate charged on clean bills is usually higher than documentary bills (4) Clean bills – A clean bill does not accompany any documents of proof. After delivery the documents are held by drawee’s banker till the maturity of the bill.
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