TaxTMI 
TaxTMI 
Rejection of Exported Goods+Refund of export proceeds
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....ejection of Exported Goods+Refund of export proceeds<br> Query (Issue) Started By: - Payal Udasi Dated:- 20-2-2025 Last Reply Date:- 21-5-2025 FEMA<br>Got 2 Replies<br>FEMA<br>We exported goods to San....
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....ctioned countries and we received the payment as well, However now the customer has rejected the goods and also asked for payment of import expenses bared by them, We thought of treating as import fr....
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....om the customer, but what about extra payment of reimbursement of expenses to be treated in order to close the BOE on IDPMS, Regards, Reply By YAGAY andSUN: The Reply: Against this Particul....
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....ar Shipping Bill which cleared you EDPMS, Your BoE shall be the foundation for clearing of IDPMS by providing the cross reference, details of communication about export rejection to your AD (Bank). Ex....
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....port Invoice amount will be the assessable value for filing of BOE. Any extra expenses shall be reported to your AD (Bank) to show your bonafides in this transaction. Reply By Shilpi Jain: The Reply:....
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.... There is a provision which allows you to re-import the goods and remit the proceeds subject to certain conditions. It is suggested to approach the AD Bank for this.<br> Discussion Forum - Knowledge ....
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....Sharing ....