GR WAIVER REQUIREMENT, Other Topics

[SUDHAKAR SIVARAMAN]

WE ARE TRUST FORMED FOR CHARITABLE PURPOSE. WE ARE PLANNING TO EXPORT CYCLES TO SRILANKA FREE OF COST FOR CHARITABLE PURPOSE. NOW CUSTOMS AUTHORITIES ASKING US TO PRODUCE GR WAIVER CERTIFICATE FROM BANK. BUT BANKERS ARE SAYING WE CANNOT GIVE WAIVER CERTIFCATE SINCE ITS NOT COVERED UNDER RBI NOTIFICATION SINCE YOUR ORGANISATION IS TRUST. MY QUESTION IS WHAT IS THE PROCEDURE FOR THIS? IF NO WAIVER CERTIFICATE REQUIRED PLS LET ME KNOW FROM WHERE THIS IS POSSIBLE?

Posts / Replies

[YAGAY andSUN]

You need to follow the guidelines as mentioned in RBI Master Directions (export of goods and service). You AD (Bank) cannot deny to issue a EDF Waiver/GR Waiver. If required, you can submit following documents to your AD (Bank):-

1 CA Certificate stating that these Bicycles are for charitable purpose and does not involve any foreign exchange and foc.

Three copies of commercial invoice along with copies of Packing list.

GST Invoice - FOC.

[SUDHAKAR SIVARAMAN]

Thanks for the reply

I need certain clarification in this regard

1. If the goods are meant value charitable purpose why canot we put either 0 value or Rs.1 value in shipping bill?

2. If so there won't be GR waiver certificate requirement. Is it correct?

3. As per bankers wordings, the RBI does not specified free of cost for charity in their notification, so GR waiver certificate cannot be given. For this any solution?