Custom act and benefits under export scheme
Rupendra Porwal
(Querist) 29 September 2015
This query is : Resolved
Dear fellow Friends,
By RBI circular dated 3.5.2000, the third party payment for export was not allowed. Thereafter RBI by Circular No. 70 dated 8.11.2013 allowed payment from/to third party importer/exporter.
Export made in F.Y.2012-2013 and payment received from third party. Now queries are as:
Whether an exporter be eligible for export benefits for the exports made during the F.Y. 2012-2013 and part of export proceeds received from the Third party?
Do approval vide RBI Circular No.70 dated 8.11.2013 allowing receipt of part/full payment from third Party enable the exporter to retain the previously availed export benefits?
Seek your valuable advice.
Regards,
Rupendra
Advocate, Lucknow.
9838597775
P. Venu
(Expert) 30 September 2015
This commercial query is beyond the scope of this forum.
K.S.Srinivas
(Expert) 30 September 2015
Consult a Tax Consultant. Or put a query on the CA club.
