15ca/15cb for foreign commission

[satbir singhwahi]

Sir

 

Export sales remittance is received after deducting commission , applicability of 15ca/ 15cb . Pls guide what we do.i.e. Export remittance of usd 40000 is received net of foreign commission of usd 2000 , net received in bank usd 38000. When to issue 15ca and 15cb.

AI Summary

Guidance Sought on Issuing Forms 15CA/15CB for Export Remittance After Deducting Foreign Commission A query was raised regarding the applicability of forms 15CA and 15CB in the context of export sales remittance received after deducting a foreign commission. The specific scenario involves an export remittance of USD 40,000, from which a commission of USD 2,000 is deducted, resulting in a net receipt of USD 38,000 in the bank. Guidance was sought on when to issue forms 15CA and 15CB in this situation.