Advance payment for export, RBI guidelines

 

Indian Union Budget 2016-17, Budget speech pdf .  Click here to read

Exporter’s obligation to RBI on Advance Payment against Exports.


Advance payment for export, RBI guidelinesWhere an exporter receives advance payment (with or without interest), from a buyer outside India, the exporter shall be under an obligation to ensure that the shipment of goods is made within one year from the date of receipt of advance payment; the rate of interest, if any, payable on the advance payment does not exceed London Inter-Bank Offered Rate (LIBOR) + 100 basis points; and the documents covering the shipment are routed through the bank through whom the advance payment is received.

 

Budget changes in import duty for import goods under HS code 08

Indian Budget 2016-17 Duty changes for import of Coffee,Tea,Mate and spices

Duty changes for import of cereals under Chapter 10 of HS code under new Indian Budget 2016-17

India budget 2016-17 changes in import duty for wheat gluten,malt,starches etc under HS code 11

latest Budget changes in import duty for medicinal plants, seeds, straws etc under HS code 12

Import duty changes for gums,lac, resins, vegetable extracts as per HS code 13

Indian Union Budget 2016-17 changes in import duty for vegetable plaiting materials as per HS code 14

Import duty changes for waxes,fats, animal oil etc under HS chapter 15 under Indian Budget 2016-17

Budget 2016-2017, changes in import duty for edible preparation of fish under HTS code 16

duty changes for import of sugar confectionery and sugars as per new Indian Budget 2016-2017

Changes in taxes for import of cocoa preparations and cocoa as per budget 2016-17 under HS code 18

 government tax changes to import cereals,flour,milk etc under HTS code 19 as per new Indian Budget 2016-17

Budget tax changes for import of preparations of fruits,nuts,vegetables etc as per Indian Budget 2016-17

Import tax changes as per Indian Budget 2016-2017 for mis edible preparations

Indian union Budget 2016-17, changes in government tax for import of spirit,vinegar,beverage etc

Import of animal feed, latest import duty changes as per Budget 2016-17 India

Budget changes in import tariff for tobacco




Import duty tariff changes for salt,lime,cement,sulfur etc under Indian Budget 2016-17

Indian Union Budget 2016-17, import tariff changes for slag,ash and ores

Govt tariff changes for import of mineral fuels, bituminous substance under HS 27 as per Budget 2016-17

Import duty tariff changes for inorganic chemicals and others as per HS code 28 under Indian Budget 2016-17

Indian budget 2016-2017 tariff changes for import of organic chemicals under HS 29

Import duty tariff changes for pharmaceutical products under Indian Budget 2016-17

Import duty changes for fertilizers under HS code 31 as per Indian Budget 2016-17

Govt tariff changes for import of paints,putty, varnishes,inks,dyeing extracts as per Budget 2016-17

Import tariff changes for cosmetics, oils and resinoids, perfumery under HS code 33 as per new Indian budget

Latest Indian budget changes for import of soap, washing preparations, lubricating preparations and artificial waxes

Duty tariff changes for import of glues,starches, enzymes as per latest Indian Budget 2016-17

Import tax tariff changes for explosives, matches, pyrotechnic products as per Indian Union Budget 2016-17

Government tax tariff changes for import of photographic or cinematographic goods under Indian Budget 2016-17

Import duty changes for miscellaneous chemical products under HS code 38 as per Indian Budget 2016-17

 

 

 

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Comments


Yesvee: Introduce my self, our company name is Yesvee Industries, Coimbatore, India, we have Manufacturer exporter of Paper machinery spares, now we need clarification for one roll Import (purchase) form Italy, but this roll supply (sales) to Malaysia. My Clarification Is: - Buyer from: India Purchase from: Italy End User (supply) to: Malaysia How this good directly supply (sale) to Malaysia. Please clarify in Excise & Customs & RBI Rules and Documentation.

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