Amount in INR in the E-BRC for Deemed Export.

[satish padhiyar]

Dear Sir,

We have received the money in INR from Supplies to SEZ or 100% EOU Unit and get the payment in INR. Now We have received notice from the local RA that please submit the Certificate for remittance received from Foreing Currency Account of Banker Of SEZ. And Banker of SEZ refuse to give any certificate and received payment in INR. Please suggest for the same.

Another Query is Required Exempted Material in the ARE-3, We have submitted to DGFT original ARE-3 showing Advance Authorisation No. and other details. However again and again we received the Deficiency that please provide details of the Exempted Material which not shows in the ARE-3 or Bill of Export for Deemed Export. Kindly suggest for the same.

Awaiting your positive reply.

[satish padhiyar]

ANY update required some urgency. please help....

AI Summary

Deemed export compliance requires proof of remittance from foreign currency account and detailed ARE 3 documentation. Suppliers receiving INR payments for supplies to SEZs/100% EOUs are being required to submit a certificate of remittance from the SEZ banker's foreign currency account, but bankers may refuse where payment was received in INR. Separately, DGFT deficiency notices require explicit details of exempted materials not shown in ARE 3 or the bill of export for deemed export, necessitating alignment of ARE 3 submissions with documentary evidence of exempted items.