Dear Respected,
We are in 100% EOU scheme, We have received an order from Indian Vendor who is located at SEZ. for time factor he is requested us to send the consignment to theire overseas unit. payment will be paid by Indian vendor only. The said Purchase order in INR Currency only. Could you please suggest is there any possibility to send the consignment. is there any issue at Customs at the time of clearance.
EMAIL ID : [email protected]
M.Pentaiah
+91 9553221186
SEZ Supplies as Exports: Customs Clearance Smooth, But No Export Benefits with INR Payment. Consider RBI Compliance. A company operating under the 100% Export Oriented Unit (EOU) scheme received an order from an Indian vendor in a Special Economic Zone (SEZ) to send a consignment to the vendor's overseas unit, with payment in Indian Rupees (INR). The query sought advice on customs clearance issues. Responses indicated that supplies to SEZs are treated as exports, and no customs issues should arise. However, no export benefits would be available if payment is in INR. Suggestions included acting as a merchant exporter and ensuring compliance with Reserve Bank of India (RBI) regulations through a tripartite agreement. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
