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GR Waiver for Import Rejections Re-export against Fresh Replacement
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....R Waiver for Import Rejections Re-export against Fresh Replacement<br> Query (Issue) Started By: - Basha AbdulRazack Dated:- 26-11-2019 Last Reply Date:- 27-8-2020 FEMA<br>Got 3 Replies<br>FEMA<br>Sir, We (are 100% EOU unit) received one message from our HDFC towards GR waiver request for Import rejections re-export and getting fresh replacement. ("Warm Greetings from HDFC Bank. We have ch....
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....ecked internally with our compliance department, GR waiver will not be issued for Repair and Replacement to Non-SEZ units. Case has to be referred to RBI. Kindly submit a request letter address to RBI thru HDFC Bank") So it is very difficult to get GR waiver for other than SEZ units as per Banks reply, so please help us in this regard to get GR waiver for Import Rejection re-export against ....
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....fresh replacement. Also we got permission from the Commissioner of Customs for re-export of rejections. Please send valuable feedback about GR waiver and to ask righteously to our HDFC bank for GR waiver. Thanks & Regards Abdul Razack.B Reply By Basha AbdulRazack: The Reply: Please clarify the above issues Reply By YAGAY andSUN: The Reply: Following para of RBI's Master Direction will....
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.... be helpful to you. C.1 Grant of EDF waiver 12AD Category - I banks may consider requests for grant of EDF waiver from exporters as under: Status holders shall be entitled to export freely exportable items (excluding Gems and Jewellery, Articles of Gold and precious metals) on free of cost basis for export promotion subject to an annual limit of Rupees One Crore or 2% of average annual export re....
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....alisation during preceding three licensing years, whichever is lower. For export of pharma products by pharmaceutical companies, the annual limit would be 2% of average annual export realisation during preceding three licensing years. In case of supplies of pharmaceutical products, vaccines and lifesaving drugs to health programmes of international agencies such as UN,WHO-PAHO and Government healt....
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....h programmes, the annual limit shall be upto 8% of the average annual export realisation during preceding three licensing years. Such free of cost supplies shall not be entitled to Duty Drawback or any other export incentive under any export promotion scheme. Exports of goods not involving any foreign exchange transaction directly or indirectly requires the waiver of EDF procedure from the Reserve....
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.... Bank. Reply By JAYANTA BANDYOPADHYAY: The Reply: Sir ]In our case, we had taken EDF Waiver and sent defect equipments aborad for repair. But the exporter bills Euro 155000 towards repair value. Is it permissible to pay so much high amount in case of GR Waiver Rgds Jayanbta<br> Discussion Forum - Knowledge Sharing ....