9911796707
TMI BlogSelf write-off on export proceeds not realiedX X X X Extracts X X X X X X X X Extracts X X X X ..... Self write-off on export proceeds not realied X X X X Extracts X X X X X X X X Extracts X X X X ..... , Kindly suggest meaning of "self write off" mentioned in para 2.87 of FTP, If we self write off in our books of account, then whether any pay back of incentives/benefit availed under FTP i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s required to DGFT/Customs.The relevent para is re produced as under:- 2.87 RBI write-off on export proceeds realization Realization of export proceeds shall not be insisted under Foreign Trade Poli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cy, if the Reserve Bank of India (RBI) or any "Authorised Bank" (authorised by RBI for this purpose) writes off the requirement of realization of export proceeds on merits and the exporter produces a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... certificate from the concerned Foreign Mission of India about the fact of non-recovery of export proceeds from the buyer. However, this would not be applicable in self - write off cases. Kindly sugge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st at the earliest.
Reply By YAGAY AND SUN:
The Reply:
Please check para C.20 of the RBI/2014-15/5, Master Circular No.14/2014-15 July 01, 2014 (Updated upto February 9, 2015). X X X X Extracts X X X X X X X X Extracts X X X X ..... - Knowledge Sharing ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
