Does bank allows reduction of export invoice value?

 

 

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

Is reduction in Invoice Value for export goods allowed by RBI to Exporter?

 

Does bank allows reduction of export invoice valueIf, after a bill has been negotiated or sent for collection, its amount is to be reduced for any reason, banks may approve such reduction, if satisfied about genuineness of the request, provided the reduction does not exceed 25 per cent of invoice value; It does not relate to export of commodities subject to floor price stipulations; the exporter is not on the exporters’ caution list of the Reserve Bank, and the exporter is advised to surrender proportionate export incentives availed of, if any.


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Comments


Satish Pawar: Hello sir i am interested to start agriculture plastic product export from India but i dont know enough information about it. please sir help me how i proses? i have got only IEC code yet. what next prepossess Please help me.

Raju: I want to purchase few building materials from Gangzchou China. Please guide the mode of payment and how the entire channel works since from purchase to reach my destination

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