GR Waiver for Import Rejections Re-export against Fresh Replacement

[Basha AbdulRazack]

Sir,

We (are 100% EOU unit) received one message from our HDFC towards GR waiver request for Import rejections re-export and getting fresh replacement.

('Warm Greetings from HDFC Bank.

We have checked internally with our compliance department, GR waiver will not be issued for Repair and Replacement to Non-SEZ units.

Case has to be referred to RBI. Kindly submit a request letter address to RBI thru HDFC Bank')

So it is very difficult to get GR waiver for other than SEZ units as per Banks reply, so please help us in this regard to get GR waiver for Import Rejection re-export against fresh replacement. Also we got permission from the Commissioner of Customs for re-export of rejections.

Please send valuable feedback about GR waiver and to ask righteously to our HDFC bank for
GR waiver.

Thanks & Regards

Abdul Razack.B

AI Summary

Export Unit Seeks RBI Guidance on GR Waiver for Re-exporting Rejected Imports Under Master Direction on EDF Waivers A 100% Export Oriented Unit (EOU) sought guidance on obtaining a GR waiver for re-exporting rejected imports and securing fresh replacements. HDFC Bank informed them that GR waivers for non-SEZ units require Reserve Bank of India (RBI) approval, complicating the process. They received customs permission for re-export but needed further advice. Responses included reference to RBI's Master Direction on EDF waivers, which allows certain exports without foreign exchange transactions under specific conditions. Another participant shared their experience with EDF waivers for repair exports, questioning the permissibility of high repair costs under the GR waiver scheme.