Dispute settlement in export import trade Posted on 10 June 2022 Category : Export Settlement of disputes In international trade, most of the business is transacted on the basis of written orders and well-drafted contracts. Notwithstanding the clarity of the detailed clauses, occurrence of disputes cannot be totally ruled out. Contract should have a clear clause for the mechanism for settlement of disputes. Referring the matters to arbitration is the most acceptable solution as it is least expensive, with minimum strained relationship. Above all, both the parties have faith in him. Venue of the arbitrator and applicability of the law are very important issues as both the exporter and importer may insist their own country and law for arbitration. Arbitration clause should be comprehensive enough dealing with these issues in the contract. What is co-loading What is Commercial enforcement hold for import cargo in US What is consolidation of cargo What is LCL cargo less container load cargo What is Crating in Exports and Imports What is CT3 form. How to get CT3. Why CT3 required What is customs bonded area in exports and imports What is DDP terms in an export Import Business? What is Dry Port What is DTA in export import trade? What is ECGC and how does ECGC protect exporters? What is EPCG How EPCG works in Export Import trade? What is Ex-factory terms in Imports and Exports Transferability of Bill of Lading Transhipment - A redefinition GST on short supplied goods and services by nature Goods and services exempted to pay GST Who has to pay GST? Comments Mayank Singh: On 05 June 2019 Dear Discussion Forum, We are a Pvt Ltd company in Delhi, who has exported Onion to Sri Lanka, But after more than 2 months, buyer is not replying or making payment against pyt terms cash on delivery. Please advise to take strongest actions.. Thanks easwar: On 22 June 2022 I am writing to you from Chennai. I got a friend in Korea who called and asked a query, which I thought I can check with you as I could not find the document in the Customs manual or even on their website. My friend's company in Korea had sent some goods to a buyer in India, and some dispute has happened between the buyer and the seller (do not know the nature of dispute). The Indian buyer did not clear the goods and the Korean company has wanted to sell it to others. Apparently the freight forwarder has asked for NOC from the buyer, who seem to have refused to give the same. My friends wants to know which customs circular/trade notice requires such NOC from the buyer? Can you please help is sharing the circular? Please do let me know if you want to charge for the same ankur: On 02 July 2022 I'm a regular reader on your website. Great efforts have been put in by you in terms of disseminating of information on Export-Import. Really appreciate it. Was wondering in your experience, what are the top challenges that any importer/exporter from India faces? Would love to speak sometime. gugan: On 04 July 2022 We have an unique scenario , wherein the Principal Places an PO and opens an LC to Indian Pipe Supplier at Mumbai. Pipe supplier needs to send the materials (pipes and fittings ) to one more party located at Hosur for value addition. Kindly Note there exists a separate PO between Principal to the party at Hosur for value addition . Similarly other few supplies are made to the Hosur party and finally a value added component needs to be exported to Indonesia from chennai. Here the exporter is the Hosur party .There comes the complication on how to proceed about it , I understand sending inputs or goods without paying GST to a job worker and in turn to a job worker is permitted , but when it comes to export what are all the documents needed ?