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non realisation of export proceeds, Customs - Exim - SEZ

Issue Id: - 4978
Dated: 25-11-2012
By:- khwaja anwar

non realisation of export proceeds


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Dear Sir,

We are a 100% EOU having the pending non realised export proceeds from more than two years even after our best efforts & as per best of our knowledge the consignee as per A.D. is bankrupt & there are no chance of realisation now.

We wants to know what to do in such a case as we have been issued the SCN by NEPZ in this regard.

Thanks

Khwaja

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Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 26-11-2012
By:- Pradeep Khatri

You may writse off this non realised export proceeds as per the RBI norms up-to 10% of the export performance of the previous last three years.

Any benefit availed by you, will be reversed in this regard.


Page: 1

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