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Advance payment of exort sales, Customs - Exim - SEZ

Issue Id: - 5391
Dated: 8-3-2013
By:- satbir singh wahi

Advance payment of exort sales


  • Contents

advance payment received on 13.10.2011 in bank . Export  made on 15.01.2013. The export not made within one year of advance.  Now what is the procedure to get this payment adjusted against exort made. As Bank says it is default.  Is there any procedure to be followed with RBI to get default corrected.

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 11-3-2013
By:- Pradeep Khatri

Compounding is the way out for such types of offences.


2 Dated: 12-3-2013
By:- CA Seetharaman K C
Please resort to compunding as suggested by learned Shri Khatri

Page: 1

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