TMI BlogCredit note to foreign buyerX X X X Extracts X X X X X X X X Extracts X X X X ..... We Export our good . The foreign buyer found deficiancy in goods and reject it. If we return it to india , it is costlier for us. We do not want to return it. Now the issue is that, we can issue cr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... edit note to foreign buyer ? - Reply By Shilpi Jain - The Reply = Credit note can be issued. However please be aware of what has to done from the perspective of FEMA or permissions from RBI since n ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... o foreign currency will come into India. Also note that under gst any export benefits will not be available since no consideration will be received. - Reply By HASMUKH PATEL - The Reply = Thanks fo ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r reply. As we are export house ( Status Holder) , we can writ off 10% value of previos year export turn over as per RBI/2020-21/77 A.P. (DIR Series) Circular ? - Credit note to foreign buyer - ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Query Started By: - HASMUKH PATEL Dated:- 25-2-2023 Customs - Import - Export - Customs - SEZ - Got 2 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opi ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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