https://www.taxtmi.com/forum/issue?id=115041 Consignment exports must be handled through AD Category I banks which must instruct overseas branches to release documents only against a trust receipt/undertaking securing remittance within the prescribed realization period; agents may deduct customary storage and handling costs supported by original receipts, account sales must be verified by the bank, freight and marine insurance must be arranged in India, and exporters may abandon unsold books as a deduction. Opening or hiring warehouses abroad requires AD Category I bank permission subject to eligibility, routing of transactions through the designated branch, time limited approval and recordkeeping. en-us Mon, 03 Jun 2019 17:10:19 +0530 Thu, 23 Jan 2025 15:55:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115041 Consignment exports must be handled through AD Category I banks which must instruct overseas branches to release documents only against a trust receipt/undertaking securing remittance within the prescribed realization period; agents may deduct customary storage and handling costs supported by original receipts, account sales must be verified by the bank, freight and marine insurance must be arranged in India, and exporters may abandon unsold books as a deduction. Opening or hiring warehouses abroad requires AD Category I bank permission subject to eligibility, routing of transactions through the designated branch, time limited approval and recordkeeping. Discussion-Forum FEMA Mon, 03 Jun 2019 17:10:19 +0530 https://www.taxtmi.com/forum/issue?id=115041