Payment made by other than Buyer

[Asked by Guest]

Dear Sir,

In Export, Payment has been received from other than Buyer mentioned in SB, Commercial Invoice etc. In such case , how to get corrected all Documents ab initio or which are the additional documents may be submitted as remedy

Thank you

[YAGAY and SUN]

Please check Master Direction as issued by RBI also refer appended Circular.

RBI/2013-14/364
A. P. (DIR Series) Circular No.70

[KASTURI SETHI]

It has enriched my knowledge. I am obliged to M/s.Yagay and Sun, Sirs for very useful reply.

AI Summary

Third-party export payment requires compliance with Master Direction and the relevant RBI circular to correct export documents.
Payment received from a party other than the buyer named on export documents raises whether documents must be corrected ab initio and what additional papers are required; the advised remedy is to follow the applicable Master Direction and the cited RBI circular RBI/2013-14/364 A. P. (DIR Series) Circular No.70 to determine corrective procedure and required supporting documents for compliance.