New Issue / query = Export against the INR Purchase Order

[Asked by Guest]

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

AI Summary

Exports to SEZ treated as exports; domestic currency payment bars export benefits, require RBI approval for third party payment.
Supplies from a domestic EOU to an SEZ unit are treated as exports and not within customs territory; however, payment received in domestic currency disqualifies entitlement to export incentives or drawback. Exporters should secure the SEZ buyer's invoice and packing list, may act as merchant exporter, and must comply with RBI and bank procedures for third party payments, including tripartite agreements per the Master Circular to enable shipping bill knock off.