Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Customs - Exim - SEZ This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

non realisation of export proceeds, Customs - Exim - SEZ

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

non realisation of export proceeds


  • Contents

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

Posts / Replies

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

Old Query - New Comments are closed.

Quick Updates:Latest Updates