TaxTMI 
TaxTMI 
THIRD PARTY EXPORT
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....HIRD PARTY EXPORT<br> Query (Issue) Started By: - DHAVAL VISARIA Dated:- 25-6-2015 Last Reply Date:- 18-9-2015 Customs - Exim - SEZ<br>Got 4 Replies<br>Customs<br>WE HV FOLLOWING QUESTION N WE NEED ALL YOUR CLARIFICATION: WE WANT TO EXPORT AS THIRD PARTY EXPORT UNDER DRAWBACK: ITEM: HS CODE 29: EXPORT UNDER CT1 N SHIPPING BILL NEED TO FILE UNDER DRAWBACK ONE MANUFACTURE NAME A , MERCHANT EXPORT....
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....ER NAME B, N ANOTHER MERCHANT EXPORTER NAME C AS THIRD PARTY EXPORT KINDLY NOTE WE WANT TO FILE SHIPPING BILL UNDER DRAWBACK IN EXPORTER B N WRITE THIRD PARTY AS EXPORTER C N EXPORTER B TAKE GOODS UNDER CT1 N AR4 FM A MANUFACTURER C EXPORTER WILL RECEIVE FOREIGN EXCHANGE PAYMENT OUR PROBLEM: 1)B EXPORTER IS CLAIMING THAT WITHOUT FOREIGN ORDER THEY CANNOT GET CT1 UNDER EXCISE RULE 2)B EXPORTER IS ....
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....CLAIMING THAT HIS BANK DONOT ALLOW PAYMENT IN C EXPORTER'S(THIRD PARTY'S BANK) IF SHIPPING BILL FILED UNDER DRAWBACK IN HIS NAME BECAUSE AD CODE MENTION HIS BANK IN SHIPPING BILL C EXPORTER: WE AS C EXPORTER FEEL THAT ALL THIS TRANSACTION PERMITED UNDER CUSTOM N EXCISE RULE KINDLY GIVE US CONFIRMATION N GIVE US NOTIFICATION FOR SAME AS THIRD PARTY EXPORT UNDER DUTY DRAWBACK SCHEME (WHOSE....
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.... NAME DUTY DRAWBACK WILL GO?) CAN SHIP UNDER LEGAL INDIAN GOVERNMENT LAW AWTG YR REPLY ASAP TKS N RGDS/DHAVAL VISARIA Reply By Mahir S: The Reply: Sir, It would be advisable to seek advice from custom house agents who are specifically dealing with such exports. Reply By DHAVAL VISARIA: The Reply: WE NEED NOTIFICATION FROM CUSTOM THAT THIRD PARTY EXPORTS N ALSO NEED NOTIFICATION IN CENTRAL EX....
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....CISE THIRD PARTY EXPORT ALLOWED ALSO NEED SOME PROOF THAT BANK CAN ACCEPT THIRD PARTY EXPORT TRANSACTION N RECEIVE PAYMENT Reply By Mahir S: The Reply: Dear Dhaval, Para 2.42 of FTP (2015 - 2020) :- Third party exports (except Deemed Export) as defined in Chapter 9 shall be allowed under FTP. In such cases, export documents such as shipping bills shall indicate name of both manufacturing e....
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....xporter/manufacturer and third party exporter(s). Bank Realisation Certificate (BRC), export order and invoice should be in the name of third party exporter. Para 9.60 of FTP (2015 - 2020) : - "Third-party exports" means exports made by an exporter or manufacturer on behalf of another exporter(s). In such cases, export documents such as shipping bills shall indicate name of both manu....
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....facturing exporter /manufacturer and third party exporter(s). Bank Realisation Certificate, Self Declaration Form (SDF), export order and invoice should be in the name of third party exporter. Reply By . Rafiq: The Reply: Dear Sir, is there an issue in getting brc from bank if the buyer and consignee are different. Pl highlight on the same as my bank is denying brc for the goods i have exported....
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..... buyer and consignee are both the same person with different name of their companies, their head office and factory are in different countries. Thanks<br> Discussion Forum - Knowledge Sharing ....