The following vouchers are to be passed at the time of opening cash L/C:

Dr-Customer's liability on L/C @ B.C Selling (Contra liability vouchers)
Cr-Banker's liability on L/C @ B.C Selling
Dr-Party's @ B.C Selling
Cr-Sundry Deposit margin on L/c @ B.C Selling
Cr-Income A/C Comm. on L/c $0.50% (1st quarter) & @0.25% for the subsequent quarters (for sight L/c)
Cr-Others liability VAT on L/C Com.@ 15% on comm. amount.
Cr-Income A/c cable/Swift/Postage charge
Cr-Income A/c (IMP form/LCAF) Misc. charges
Cr-F.C.C. (if required)

Code number: Depending on the nature of LCs the following code numbers are to be used by the branches at time of opening an L/Cs:

Cash L/c (sight)	: 01	foreign BTB (U)	: 06	EPZ(BTB/Sight)	:11
Deferred	: 02	Under F/Aid	: 07	EPZ (BTBC/Usance)	:12
Inland BTB (s)	: 03	Under STA	: 08	Other L/c	:13
Inland BTB (U)	: 04	EPZ (Cash/Sight)	: 09
Foreign BTB (S)	: 05	EPZ (Cash/Usance)	: 10