https://www.taxtmi.com/caselaws?id=459348 Where export proceeds are traceably received from a third party, the bank may not refuse to credit the exporter's account or withhold credit confirmation and the Bank Remission Certificate merely because the remitter is not the overseas buyer. The later RBI circular relaxed the earlier tripartite-agreement requirement if documentary evidence explains the third-party payment and the authorised dealer is satisfied about the bona fides of the transaction and export documents. Here, the shipping documents, SWIFT message and buyer's clarification linked the remittance to the export invoice, so the refusal was unwarranted and the petitioner was entitled to regularisation of the remittance and issuance of the requisite certificate. en-us Thu, 27 Jul 2017 00:00:00 +0530 Tue, 10 Dec 2024 19:00:57 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=459348 Where export proceeds are traceably received from a third party, the bank may not refuse to credit the exporter's account or withhold credit confirmation and the Bank Remission Certificate merely because the remitter is not the overseas buyer. The later RBI circular relaxed the earlier tripartite-agreement requirement if documentary evidence explains the third-party payment and the authorised dealer is satisfied about the bona fides of the transaction and export documents. Here, the shipping documents, SWIFT message and buyer's clarification linked the remittance to the export invoice, so the refusal was unwarranted and the petitioner was entitled to regularisation of the remittance and issuance of the requisite certificate. Case-Laws Indian Laws Thu, 27 Jul 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=459348