Respected Forum,
I am manufacturer-exporter receiving short foreign payment of $ 25.00 on account of Bank Charges of Foreign Bank. and in another case i am discounting bill from foreign bank, they are sending me payment after deducting their charge and interest.
It is not clear to me whether i should return back proportionate drawback to custom department on account of deduction made by foreign bank on account of bank charges and bank interest.
Please guide me accordingly. Also please provide me any clarification/guidlines/notification of any department or court order in this regard.
Thanks and regard