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    <title>Realization of Export proceeds</title>
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    <description>FEMA permits third party payments for export transactions subject to documentary safeguards, AD bank satisfaction, routing through banking channels, declaration in the Export Declaration Form, and exporter responsibility to realise and repatriate proceeds; reporting should show the declared third party. Under GST, genuine exports under a Letter of Undertaking are not taxable with IGST; export completion evidenced by E BRC or self generated E BRC on IRM and EDPMS clearance removes further GST liability, and IGST paid may be refunded or offset through ITC.</description>
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