Does bank allows reduction of export invoice value? Posted on 10 April 2023 Category : For Beginners 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? If, 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. How to export your product? How to import your product? 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Raju: On 21 October 2016 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 suresh tiwari: On 21 September 2021 export matrial rejected after export payment not recevied s/b reduction in bank closed to edpms Sethuraman: On 14 September 2022 Sir, as per the LC terms 95% of the invoice value to be paid to Beneficiary and 5% to be paid as commission to a different company. In this case, we raise the invoice as 100% as per LC terms but we receive only 95%. The bank says they will write off the 5%, though we have submitted the proof of 5% remitted to a different entity as per the LC terms. How to convince the bank to give 100% BRC. We have not showed the commission 5% in our shipping bill. Please advise. thanks Admin: On 16 September 2022 It is mandatory to mention commission amount in Export shipping bill. However, you may approach your Authorized dealer bank to resolve your issue.