What is the time limit for submission of shipping documents to banks after exports have taken place?
The normal time limit is 21 days, reckoned from the date of exports. However, RBI has empowered authorized dealers to handle the documents beyond 21 days also provided they are satisfied with the reasons for the delay. Is there any time limit within which we should remit the overseas commission declared in books of accounts? If exports are in freely convertible currency, then there is no limit on amount of commission, which is remitted by exporter provided it is declared on the shipping bill. **** We are exporting fabrics. Can we get brand rate of drawback fixed for this item? If yes, then please tell us how. Since fabric has All Industry Rates, you can go for brand rate only if the All Industry Rate refund is 4/5 ths of the duty paid by you. **** We are a merchant exporter of Chemicals. We are buying chemicals from a 100% EOU who has got licence to manufacture and export the particular chemical from Central Insecticides Board (CIB). I would like to know whether I need any certificate
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- What is the time limit for submission of shipping documents to banks after exports have taken place?
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