Credit note to foreign buyer

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....redit note to foreign buyer<br> Query (Issue) Started By: - HASMUKH PATEL Dated:- 25-2-2023 Last Reply Date:- 25-2-2023 Customs - Exim - SEZ<br>Got 2 Replies<br>Customs<br>We Export our good . The for....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eign buyer found deficiancy in goods and reject it. If we return it to india , it is costlier for us. We do not want to return it. Now the issue is that, we can issue credit note to foreign buyer ? ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.... Reply By Shilpi Jain: The Reply: Credit note can be issued. However please be aware of what has to done from the perspective of FEMA or permissions from RBI since no foreign currency will come into ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....India. Also note that under gst any export benefits will not be available since no consideration will be received. Reply By HASMUKH PATEL: The Reply: Thanks for reply. As we are export house ( Sta....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....tus Holder) , we can writ off 10% value of previos year export turn over as per RBI/2020-21/77 A.P. (DIR Series) Circular ?<br> Discussion Forum - Knowledge Sharing ....