TaxTMI 
TaxTMI 
Export proceeds not received-DBK returned back-Self write off but permission not taken
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....xport proceeds not received-DBK returned back-Self write off but permission not taken<br> Query (Issue) Started By: - Ashok Chopra Dated:- 10-8-2016 Last Reply Date:- 24-9-2016 Customs - Exim - SEZ<br....
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....>Got 2 Replies<br>Customs<br>Respected Forum, Export proceeds not received. No ECGC coverage. Foreign buyer gone into Liquidation (situation beyond the control of exporter) Drawback received returne....
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....d to department voluntarily, but without interest. Export proceeds self written off in books but permission of self write-off not applied with A.D. Bank. My queries: 1. What to do now about interes....
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....t. Should we also deposit voluntarily, if do not deposit, what serious action by department. 2. How to take permission of self write-off now? if do not take permission, what serious action by depart....
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....ment. Please guide me accordingly. Reply By KASTURI SETHI: The Reply: 1. Interest has to be paid from the date of clearance of goods from the factory for export . 2. No permission required. Yo....
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....u have to do so in books of accounts and reflect the same in Balance Sheet (including Profit and Loss Account. Reply By YAGAY AND SUN: The Reply: Please check Master Direction on export of goods and....
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.... services which is issued by RBI on 1st January 2016. You will find your answer on Writing off . You would have to pay the interest from the date of Let Export Order dated which is mentioned on Shipp....
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....ing Bill.<br> Discussion Forum - Knowledge Sharing ....