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TMI BlogAgency commission on import of goods - remittenceX X X X Extracts X X X X X X X X Extracts X X X X ..... Agency commission on import of goods - remittence X X X X Extracts X X X X X X X X Extracts X X X X ..... ertantly not declared in shipping bill . whether commission can be remitted in view of this mistake. Reply By Surender Gupta: The Reply: You read the para C-26 of the master circular issued by RBI (h ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ttp://www.taxmanagementindia.com/Site-Map/FEMA/detail_circular.asp?ID=6379)which is read as udner: AD Category – I banks may allow payment of commission, either by remittance or by deduction from in ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... voice value, on application submitted by the exporter. The remittance on agency commission may be allowed subject to the following conditions: a) Amount of commission has been declared on GR/SDF/PP/SO ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... FTEX form and accepted by the Customs authorities or Ministry of Information Technology, Government of India / EPZ authorities as the case may be. In cases where the commission has not been declared o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n GR/SDF/PP/SOFTEX form, remittance may be allowed after satisfying the reasons adduced by the exporter for not declaring commission on Export Declaration Form, provided a valid agreement/written unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rstanding between the exporters and/or
beneficiary for payment of commission exists.
b) The relative shipment has already been made. X X X X Extracts X X X X X X X X Extracts X X X X
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