FEMA-GR waiver

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..... FEMA-GR waiver
Query (Issue) Started By: - Dhirendra Srivastava Dated:- 26-11-2010 Last Reply Date:- 16-6-2016 FEMA
Got 2 Replies
FEMA
1 we sent the 5000 Pcs to China for Job work against GR waiver. Out of 5000 pcs, we get back 2036 pcs after job work from China & 2964 pcs has been rejected during process. We get the Rejection Certificate from China regarding rejected material . 2. .....

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..... China company demanding the Job work Charges. QUERY : 1. How can we make the payment regarding Job work charges amounting Rs. 49478 USD ? 2. How can we close the GR waiver ? Reply By dinesh agrawal: The Reply: The first query is whether GR waiver was conditional that what is exported should be re-imported? Rejection/loss of material is normal in any manufacturing process and therefore, there .....

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..... will not be any problem with bankers/RBI if you can provide supporting documents. On import of goods after job work, you have to file a bill of entry wherein job work charge and to and fro freight and insurance charge will be subject to customs duty. Job charge will be based on invoice. You will be permitted to remit FOREX against jobwork invoice and B/E. Reply By RAGHU PATHI: The Reply: Hi, .....

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..... Sub: GR waiver I need help from you on the below case We have exported some goods for an exhibition purpose with 2 split invoices. 1 Invoice with GR waiver (with a condition to re-import after exhibition) for getting the material back as these were display samples and another invoice without GR waiver as those are only business promotion items. while exporting the freight forwarder used only one .....

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..... invoice (invoice without GR waiver) and filed the export documents including export shipping bill and mentioned the GR waiver in the shipping bill and the invoice with actual GR waiver was omitted and not recorded anywhere. Now the same freight forwarder had bought back the shipment (shipment with actual GR waiver) but was unable to clear it under GR waiver as the export documents were wrong as .....

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..... explained above. Let me know what is the way out to close the GR waiver? I would expect a quick reply from an expert Thank you
Discussion Forum - Knowledge Sharing .....

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