TaxTMI 
TaxTMI 
We are 100%EOU and exported goods to party. Due to some reason party could not make our paymnet . We relised our payment in INR aganist export through ECGC (Insurence Comapny). Kindly let us know how we can consider the received paymnet as realisation from party.So that this amount can be added in our export obligation.
Export Obligation
19 Apr 2011 
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Export realisation in foreign exchange: rupee claims paid by insurers are not treated as export realisation for export obligations.
A 100% EOU received rupee payment from ECGC for an unpaid export; AD Category I banks may write off export bills where insurers confirm settlement, and such write offs are not limited by earlier percentage caps. Surrender of incentives follows the Foreign Trade Policy. Importantly, claims settled in rupees by ECGC or IRDA regulated insurers are not to be construed as export realisation in foreign exchange, raising doubt about counting such receipts against export obligation for EOUs. (AI Summary)
A 100% EOU received rupee payment from ECGC for an unpaid export; AD Category I banks may write off export bills where insurers confirm settlement, and such write offs are not limited by earlier percentage caps. Surrender of incentives follows the Foreign Trade Policy. Importantly, claims settled in rupees by ECGC or IRDA regulated insurers are not to be construed as export realisation in foreign exchange, raising doubt about counting such receipts against export obligation for EOUs. (AI Summary)