Non Relaisation of Export proceeds by SEZ

[Asked by Guest]

Hello,

My company is in SEZ unit and export goods to its associated enterprise in Germany in 2005 of 700000 Euro. Out of this 160000 Euro had been received by company but remaining amount is still not received by my comapany and there is no chance to receive that money. Now RBI issued a notice to express why you have not realised remaining amount of export. Please tell me What are the suitable provisions through which I save my company under the provision of FEMA asap.

AI Summary

Non-realisation of export proceeds: SEZ exporters can seek write-off or invoice-value reduction subject to prescribed conditions and documentation.
Non-realisation of export proceeds by an SEZ unit prompts regulator inquiry; exporters should furnish communications and evidence of settlement efforts to seek regularisation under write-off guidelines. SEZ exporters may request reduction in invoice value beyond the usual ceiling if the commodity is not subject to floor prices, the exporter is not on the caution list, and export incentives are properly adjusted, with documentary support and adherence to the prescribed regularisation procedure.