Export incentives for cosignment sales in international trade

[P S SATYA NARAYANA]

Dear Sir,

Whethter export incentives under chapter 3 is available for a export sales made through consignment sales

The material will be dispatched to a overseas consignment agent and receives export realisation as and when material sold in the foreign country.

regards

P S SATYANARAYANA

 

[DR.MARIAPPAN GOVINDARAJAN]

Whether you have got clarified in the said issue? If not please inform.

AI Summary

Export incentives availability for consignment sales questioned where goods shipped to overseas agent and payment arises on resale. Whether export incentives under Chapter 3 apply where goods are dispatched to an overseas consignment agent and export realisation is received only when the agent sells the goods; the question centers on entitlement to the incentive given export is effected by consignment and proceeds accrue upon foreign resale.