Clarification regarding duty drawback allowed in cases of short- realisation of export proceeds due to bank charges deducted by foreign banks

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....10.2019 Public Notice No. 25/2019 Subject: Clarification regarding duty drawback allowed in cases of short- realisation of export proceeds due to bank charges deducted by foreign banks - reg. Kind attention of the members of trade (importers/exporters/Customs brokers) and all persons concerned is invited to the above mentioned subject. 2. Representations have been received by the Board from ....

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....ification No. FEMA 23(R)2015-RB dealing with Foreign Exchange Management (Export of Goods and Services) Regulations, 2015. In respect of various export promotion schemes, para 2.52 of FTP 2015- 20 also states that free foreign exchange remitted by buyer after deduction of bank service charges are taken as export realisation under export promotion schemes of FTP. Earlier also, in respect of agency ....