Export claims, Marketing Research

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Export Claims: Authorised dealers are permitted to remit export claims by exporters on application by letter.

The application contains particulars such as Reserve Hank Code Number, GIUPP form number, date of shipment, name of commodity, invoice value, name and address of claimant nature and amount of claim as also documentary evidence in support of the claim provided:

i) the amount does not exceed 15% of invoice value.

ii) the relative export proceeds have already been realised and repatriated to India. In case of exporters who have been in the export business for more than three years, remittances may be allowed without any percentage ceiling, provided -

i. the exporter is not on the Exporter's caution list of Reserve Bank , and

ii, his track record is satisfactory.

In all such cases of remittances, the exporter should be advised to surrender proportionate incentives, if any, received by him.

Other remittances: Authorised dealers may effect, on behalf of their exporter constituents, remittances connected with exports like controlling charges, expenses incurred on dishonoured/unaccepted bills, legal expenses related to trade disputes, testing charges, etc.

Exporters are expected to submit supporting documents for these remittances.

 


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