TaxTMI 
TaxTMI 
FEMA-GR waiver
26 Nov 2010 
2 Replies 
20745 Views Asked by
GR waiver conditions affect re import and job work payments; job charges and freight face customs duty and require documentation.
On re import after job work under a GR waiver, the importer must file a bill of entry declaring job work charges and to and fro freight and insurance, which attract customs duty; job work charges must be invoiced and may be paid in foreign exchange against the job work invoice and bill of entry. Rejections during processing require foreign rejection certificates and supporting documents to satisfy bankers/RBI and customs when closing the GR waiver. Incorrect or omitted export invoices that fail to record the GR waiver must be regularised with correct invoices and shipping documents to enable closure of the waiver. (AI Summary)
On re import after job work under a GR waiver, the importer must file a bill of entry declaring job work charges and to and fro freight and insurance, which attract customs duty; job work charges must be invoiced and may be paid in foreign exchange against the job work invoice and bill of entry. Rejections during processing require foreign rejection certificates and supporting documents to satisfy bankers/RBI and customs when closing the GR waiver. Incorrect or omitted export invoices that fail to record the GR waiver must be regularised with correct invoices and shipping documents to enable closure of the waiver. (AI Summary)
1 we sent the 5000 Pcs to China for Job work against GR waiver. Out of 5000 pcs, we get back 2036 pcs after job work from China & 2964 pcs has been rejected during process. We get the Rejection Certificate from China regarding rejected material . 2. China company demanding the Job work Charges. QUERY : 1. How can we make the payment regarding Job work charges amounting Rs. 49478 USD ? 2. How can we close the GR waiver ?