Delay payment, Customs - Exim - SEZ

[Munish Upadhyay]

Dear Sir,

We Export goods to a company but we got payment after 10 months, then what we have to do to submit FIRC to bank.

Posts / Replies

[surya narayana]

It is not very clear whether the export effected to SEZ is against Advance Authorization or otherwise.

If it is against Advance Authorization, you need to get the payment from SEZ units EFC account in FC. Alternatively, if the export is in general and considering the transaction is export, you may approach the RBI/Authorized Dealer Bank for extending the time limit to submit the BRC/FIRC giv.ing the reasons for such delay in receiving the payment

Regards

Surya