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

EDF waiver requirement where re exports lack foreign exchange affects GR waiver for rejected imports and repairs.
For re exports of rejected imports and repair/replacement transactions that do not involve any foreign exchange, an EDF waiver from the Reserve Bank is required and banks may decline GR waiver requests absent RBI approval; free of cost supplies within prescribed limits are ineligible for Duty Drawback or other export incentives.