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RESERVE BANK OF INDIA (RBI) CONSULTANCY

Extension of Time limit for Realisation of Export Proceeds.
Please give us following Details / Documents to enable us to process your application.

1. Two sets of Bank Certified Invoice Showing :
 
a GR No. & Date
b Shipping Bill No. & Date
c AWB or B/L No. & Date
d Terms of payment : I.E. D/P sight, D/A etc.
e Delivery term : I.E. FOB, C& F CIF,
f Quantity : Gross Kgs, Net Kgs , Pcs & No. of packages.
g Name & Address of Drawee's Bank. (Overseas Buyer)
h Name & Address of Drawer's Bank (Overseas Buyer)
   
2. Two sets of Drawee Bank's letter showing date of acceptance of bill by the Drawee if drawn on D/a term.
   
3 Two sets of EPCG credit limit on the drawee. (Overseas Buyer)
   
4 Two sets of correspondence exchanged with Drawee. (Overseas Buyer)
   
5 Two sets of correspondence exchanged with Drawee's (Overseas Buyer) Bank.
   
6

(Two Sets ) please reply following points in brief against each GR Form

a Reason for Non-payment
b If goods have remained unsold, present condition / position thereof.
c Steps taken or proposed to be taken to realise export proceeds.
d If the buyer has deposited the sale proceeds with a local Bank in their country to which export has been made.
   
7 Two sets of particulars of previous approvals if any for extension obtained from RBI.
8 Two sets of part payment received ? When and how much?
9 Two sets of export performance (Amount Realised) (Jan / Dec) / (Apr/Mar)

Year Jan / Dec Amount Rs./ U.S.$
(As per Invoice)

Year
Apr / Mar

1995    
1996    
1997    
1998    

Invoice Amount Outstanding

Year Jan / Dec Amount Rs./ U.S.$
(As per Invoice)

Year
Apr / Mar

1995    
1996    
1997    
1998    
   
  If you have any queries, please feel free to call or fax.

Yours faithfully,
Impex Solution


Bharat Parekh
Partner


   

Application for permission to extend the period for realisation of export proceeds

Instructions :

1.

The application should be completed in duplicate and submitted to the authorised dealer through whom the documents were negotiated/sent for collection.

 

2.

Before forwarding an application to Reserve Bank, authorised dealer must properly scrutinise it to ensure that it is complete in all respects.

 

3.

Wherever applicable, reference number and date of Reserve Bank's letter of approval should be quoted in full. Reference to the Exchange Control Manual may also be quoted in full.

 

4.

Authorised dealers should complete the certificate given at the end of the application.

   

Documentation :

5.

Original correspondence exchanged with the overseas buyer/correspondent bank, etc. in connection with delay in payment etc.

   

6.

Bank certificate in case where part proceeds of the shipment have been realised.

 

1.

Particulars of exporter :

   
 

(i)

Name of the exporting firm/company

 

(i)

 
 

(ii)

Address in full

 

(ii)

 
 

(iii)

Importer - exporter code number

 

(iii)

 
           

2.

Full particulars of shipment :

   
         
 

(a)

Name and address of the overseas

 

(a)

   

buyer/consignee

   
 

(b)

Commodity

 

(b)

 

(c)

Quantity

 

(c)

 

(d)

Distinctive Number / s of GR/PP

 

(d)

   

form (s).

   
 

(e)

Date of shipment

 

(e)

 

(f)

Invoice value

 

(f)

 

(g)

Country of destination

 

(g)

 

(h)

Terms of payment (specify whether

 

(h)

   

D/P, D/A or L/C etc.)

   
         

3.

Whether goods were shipped on outright

   
 

sale or consignment basis

   
         

4.

(a)

Reasons for non-payment of bill/s.

 

(a)

 

(b)

If the goods have remained unsold,

 

(b)

   

present condition/position thereof

   
 

(c)

Steps taken or proposed to be taken

 

(c)

   

by the exporters to realise the

   
   

export proceeds.

   
 

(d)

If the buyer has deposited the sale

 

(d)

   

proceeds with a local bank in the

   
   

currency of the country to which

   
   

export has been made, the

   
   

possibility of externalisation i.e.,

   
   

the time likely to be taken for

   
   

conversion of the proceeds into

   
   

foreign exchange.

   
         

5.

Particulars of previous approval/s, if

   
 

any, for extension obtained from the

   
 

Reserve Bank.

   
         

6.

Further period for which extension is

   
 

sought.

   
         

7.

In case part payment has been received

   
 

against the bill in question

   
         
 

(a)

When and how much proceeds

 

(a)

   

realised so far

   
 

(b)

Amount yet to be realised

 

(b)

         

(8)

Export performance during last 3 years.

   

Year

Amount (Rs. )

     

Exports 1)

     

made : 2)

     

3)

       
     

Amounts 1)

     

outstanding 2)

     

if any : 3)

         

9.

Any other information which exporter

   
 

deems necessary to furnish in support

   
 

of the request.

   
         
 
  We declare that the particulars given above are true and correct to the best of our knowledge and belief.
       

Place:

       

(Signature of Authorised Official)

Date :

       

Name :

 
 

Stamp

 

Designation:

 

(The signature on behalf of the firm/company should be that of the senior partner/proprietor or authorised signatory of the exporting firm or company, as the case may be.)
   
  (Space for use of Authorised Dealer)
   
  We hereby certify that the bills pertaining to shipments declared on the above GR/PP form/s was/were included in ENC statement for the fortnight ending
____________________.
   
  Any other comments (Please mention here special features like delays on account of externalisation, payments in local currency, settlement of claims by ECGC, etc.)
____________________.
   
 
 
 

(Signature of Authorised Official)

 
   

Name :

 

Stamp

 

Designation:

 
   

Name and Address

 

Date:

     

of Authorised Dealer :

 
   
 
(Space for use of Reserve Bank of India)