Export Remittance from Third Party

[Rajesh Agarwal]

Dear Experts

Greetings!!

I had exported goods with bill to buyer based in Dubai and Shipped material to Dr. Congo at the instruction of the buyer .Now out of 5 consignments exported for 1st consignment the buyer has paid for 2nd consignment made part payment and said he was unable to make further payment but said he can arrange through some other party balance payments .In order to avoid any revenue loss I accepted payment from the other party arranged by the buyer .The other party’s name is not included in the shipping bill. Now bank is refusing to issue ebrc asking me to incorporate the name of the third party in the shipping bill only then they will consider .Experts kindly guide as what to do as I have no documentary evidence from the buyer that payment being remitted from third just telephonic conversation.

What will be the consequences if I fail to incorporate the name of the other party from whom I have received remittance .I am already in talks with the authorities for incorporation of the name.

Kindly guide.

AI Summary

Exporter Faces Penalties Under FEMA Due to Missing Name on Shipping Bill; Seeks Resolution with Authorities An individual exported goods to a buyer in Dubai, who instructed that the shipment be sent to Dr. Congo. The buyer paid for one consignment and partially for another, then arranged for a third party to make the remaining payments. However, the bank refused to issue an electronic bank realization certificate (eBRC) because the third party's name was not on the shipping bill. Without incorporating this name, the exporter risks losing export incentives and may face penalties under FEMA. The exporter is in discussions with authorities to resolve the issue.