Limit for payment of agency commission on exports - reg

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....reg.             It has been observed that some Indian  exporters  appoint  agents  abroad  for  securing  their  export  contracts and  such  agents  are  paid  agency commission  as a  percentage  of the  f.o.b.  value  by the  Indian ....

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....p;  drawback  benefits to  the  exporters on the  element of  agency commission.  2.       Customs  field formations  so far  have  been  permitting  agency  commission  to the  extent  of  12.5% of  the  f.o.b.  value  by  following  RBI’s&nbsp....

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....nbsp; that  RBI  has  not  revised  its  earlier  instructions as regards  the  limit  of  payment of  agency  commission.  Therefore,  it is clarified  that  the field formations  may continue  to  permit  export  benefits on f.o.b.  value without  deducting  agency  c....