payment not receive for samples-how to go about it

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..... Dear Sir, We are manufacturer of automobile parts and we are sending samples to our customers under free sample invoice for which we will not received payment. For this we obtain GR waiver certificate from the bank and send the same, As instructed by the bank as per the rbi guidlines , gr waiver value is restricted to ₹ 5 lakhs for the financial year. After that gr waiver is not possible. .....

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..... In this case if we send samples exceeding the value of ₹ 5 lakhs for which payment will not be received how to proceed for shipment . Experts please request your guidance and support. Thanks Regards, S.Ramakrishnan - Reply By Yash Jain - The Reply = Dear Sir, Well rbi has only restricted limit of ₹ 5 lacs to AD bank. If an exporter wants to send goods more than 5 lacs, then a .....

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..... pproach regional office of RBI through AD bank, they (Rbi)will consider merits and may grant permission to AD bank for granting gr waiver. Also exercise combination of following options, 1. Utilize 2% or 5% limit fully in respect to export write off ; Please do normal sale and then do write off. Just keep corresponding with customer for payment and after 1 year produce all mails and ad bank wil .....

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..... l write off. 2. Trade fair / Exhibition .: Rbi prescribes no limit. Hence if possible take goods for trade fair and from there give to customers. Rbi allows $5000 gift per fair. Then sale the balance goods for token value and remit proceeds to india. Rgds - payment not receive for samples-how to go about it - Query Started By: - Ramakrishnan Seshadri Dated:- 14-8-2018 FEMA - Foreign Exchange M .....

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..... anagement - Got 1 Reply - FEMA - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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