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Qualified Acceptance
An acceptance which in express terms varies the effect of the bill of exchange as drawn, and may be any of the following:
• Conditional: Pays by the acceptor dependent on the fulfilment of a condition.
• Partial: Pays part of the amount only for which the bill is drawn.
• Local: Pays only at a particular or specified place.
• Qualified as to Time: A bill drawn for two months accepted payable in three months.
• Acceptance by some Drawees only: The holder may refuse to take a qualified acceptance and if they do not obtain an unqualified    acceptance they may treat the bill as dishonoured.
 
 

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  • Agricultural and Processed Food Products Export Development Authority (APEDA)
    (Ministry of Commerce & Industry, Govt. of India)

  • NCUI Building 3, Siri Institutional Area, August Kranti Marg, New Delhi - 110 016
    Phone : 91-11-41486013, 20863919, 20867008, 20867007