TaxTMI 
TaxTMI 
Import of Goods without remittance
X X X X Extracts X X X X
X X X X Extracts X X X X
....mport of Goods without remittance<br> Query (Issue) Started By: - paresh zatakia Dated:- 20-6-2006 Last Reply Date:- 28-6-2006 Service Tax<br>Got 2 Replies<br>Service Tax<br>a person has imported good....
X X X X Extracts X X X X
X X X X Extracts X X X X
....s but not sent any remittance to the suppier,what is the consequence of it? Reply By Surender Gupta: The Reply: Sir, your query required more details and information about situation, circumstances, b....
X X X X Extracts X X X X
X X X X Extracts X X X X
....enefits availed if any etc. Reply By Sunil Chowdhary: The Reply: As per FEMA you are expected to settle trade remittance within 180 days. Depends on whether you received documents by D/A through bank ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....or supplier sent you documents directly. If through bank, you must ask for extension if you intend paying. Your bank will apply to RBI for permission if any interest payment is involved. If there is a....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... dispute, you must settle it with party if you have accepted a bill of exchange otherwise they can obtain a decree against you from court where you are as obviously you have accepted documents at your....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... bank, and move for attachment of any receivables of yours in their country or your assets here. This can be done even if there is a quality dispute for which you must file a seperate claim. Also if y....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ou enter into a contract, there would be an arbitration clause.<br> Discussion Forum - Knowledge Sharing ....