GR, Guaranteed Remittance


Guaranteed Remittance (GR) Form

GR Form is an exchange control document required by the Reserve Bank of India (RBI). As per the exchange control regulations, an exporter has to realise export proceeds within 180 days of the shipment of goods from India. In order to ensure this, the RBI has introduced the GR procedure.

GR form is to be submitted in duplicate to the Customs at the port of shipment along with a copy of shipping bill. Customs gives their running serial number on both the copies after admitting the customs shipping bill. Customs authorities then certify the value declared by the exporter on both the copies of GR form at the space earmarked and also record the assessed value of the goods. Then, they return the duplicate copy of the GR form to the exporter and retain the original for transmission to the RBI. The exporter is required to lodge the duplicate copy of GR form along with the relative shipping documents with the authorised dealer named in the GR form for negotiation of export bills within 21 days from the shipment of goods.

After the documents have been negotiated, the authorized dealer will report the transaction to the RBI. The duplicate copy of GR form together with copy of invoice will be retained by the authorizes dealer till full export proceeds have been realised and thereafter submitted to the RBI.

On account of introduction of Electronic Data interchange (EDI) System at certain customs offices where shipping bills are processed electronically, the existing declaration in GR from has been replaced by a declaration in form statutory declaration form (SDF) .




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Mohammed Al-jabri : I'm importing from India Now the exporter asking me to send him a GR form that is the Guaranteed Remittance (GR) Form . My question is how can I provide the exporter with this GR form? As I have received the following email from the exporter Please find attached herewith the Tri-Party agreement as we have received the Three different payments from different account in the year 2018 and our GR Closer is still pending for the same, so you are requested to please send attached tri-party agreement with sing and stamp of all three companies as we need to Close the GR. You are requested to please arrange to send this letter duly stamped and signature of all three companies and revert us. Looking forward your positive action.

shreya: I came across this mail address after reading your article. I had a query with respect to purpose code in case of export of goods. I’ve an e-commerce portal for selling of ready made garments in India. The sale happens in India and abroad. I wanted to know what purpose code is to be applied in such a situation. Also, when is GR required? Or is it required for all exports?

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