TaxTMI 
TaxTMI 
Agency commission on import of goods - remittence
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....gency commission on import of goods - remittence<br> Query (Issue) Started By: - satbir singh wahi Dated:- 17-5-2010 Last Reply Date:- 21-5-2010 FEMA<br>Got 1 Reply<br>FEMA<br>agency commission inadve....
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....rtantly not declared in shipping bill . whether commission can be remitted in view of this mistake. Reply By Surender Gupta: The Reply: You read the para C-26 of the master circular issued by RBI (ht....
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....tp://www.taxmanagementindia.com/Site-Map/FEMA/detail_circular.asp?ID=6379)which is read as udner: AD Category – I banks may allow payment of commission, either by remittance or by deduction from i....
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....nvoice value, on application submitted by the exporter. The remittance on agency commission may be allowed subject to the following conditions: a) Amount of commission has been declared on GR/SDF/PP/S....
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....OFTEX form and accepted by the Customs authorities or Ministry of Information Technology, Government of India / EPZ authorities as the case may be. In cases where the commission has not been declared ....
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....on GR/SDF/PP/SOFTEX form, remittance may be allowed after satisfying the reasons adduced by the exporter for not declaring commission on Export Declaration Form, provided a valid agreement/written und....
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....erstanding between the exporters and/or beneficiary for payment of commission exists. b) The relative shipment has already been made.<br> Discussion Forum - Knowledge Sharing ....