Recovery of foreign remittance from merchant exporter

[Rajesh Kumar]

Sor/ madam

When goods exported through merchant exporter, is there any requirements under any provisions that foreign remittance gain to merchant exporter is to be recovered by manufacturer of goods ? Is it mandatory for manufacturer to recover this forex ?

if yes, what will be the procedure to recover that forex? If through debit note, what will be effect on gst and at rate of gst ?

AI Summary

Manufacturer Not Required to Recover Foreign Exchange in Merchant Exports Under GST-Merchant Exporter Responsible A query was raised regarding the recovery of foreign remittance by a manufacturer when goods are exported through a merchant exporter. The question asked if it is mandatory for the manufacturer to recover foreign exchange and the procedure involved, including the impact on GST and applicable rates. The responses clarified that under GST, it is the responsibility of the merchant exporter, not the manufacturer, to receive foreign exchange. All respondents agreed with this interpretation.