Is change of buyer (consignee) allowed by bank in International trade Posted on 10 April 2023 Category : For Beginners Indian Union Budget 2016-17, Budget speech pdf . Click here to read Can the buyer (or consignee) be changed by exporter (shipper) after export? As per RBI guidelines: Prior approval of the Reserve Bank is not required if, after goods have been shipped, they are to be transferred to a buyer other than the original buyer in the event of default by the latter, provided the reduction in value, if any, involved does not exceed 25 per cent of the invoice value and the realization of export proceeds is not delayed beyond the period of 12 months from the date of export. clarification on exemption of Liquefied Natural Gas (LNG) for SEZ Exemption of Excise duty of BCD and CVD on power project No refund of SAD under notification No.102/2007-Customs dated 14.09.2007 Tax changes for specified goods imported for petroleum exploration under Indian Budget 2016-17 Direct imports by Government will attract customs duties Exemption for disposable sterilized dialyzer and micro barrier of artificial kidney Excise duty CENVAT is being levied on articles of jewellery under Indian Budget 2016-17 Excise duty CENVAT for readymade garments and made up articles of textiles Tax changes in sectors of Agriculture, rural economy and environment under Indian Budget 2016-17 Indian Budget 2016-17 Tax proposals for Pensioners Domestic incentives in addition to Make In India campaign, Indian Budget 2016-17 Nil duty for Braille paper as per Budget 2016-17 Reduces rate of refrigerated containers, Indian Budget 2016-17 Exemption of ST for General Insurance services, Indian Budget 2016-17 Service Tax changes for DUGKY as per Indian Budget 2016-17 Income tax benefits to securitization trusts including trusts of ARCs as per Budget 2016-17 Indian Budget 2016-17, benefits to researchers for patent Indian Budget 2016-17, benefits to start up companies Income tax exemptions for small and medium enterprises MSME To Boost use of refrigerated containers, FM proposed to reduce the basic custom,Indian budget 2016 - 17 1 per cent service charge on purchase of luxury cars over Rs. 10 lakh, Indian Budget 2016-17 September 30 to be the deadline followed for undisclosed income, Indian Budget 2016-17 1% CESS on petrol cars and 2.5% CESS on diesel cars, Union Budget 2016-17 4% High Capacity Tax on SUV'S , Indian budget 2016-17. 12 Major risks and solutions in Imports and Exports Types of export containers Foreign Trade Policy of India 2015-2020 Dispute settlement in international business Export Promotion Councils and Commodity Boards, product wise Foreign Trade Agreements of India MEIS scheme for Indian Exporters India Chile Preferential Trade Agreement Indian Union Budget 2016-2017, changes in import customs duty Indian Budget 2016-17, Excise duty tariff changes How to set up an export import firm in India Export marketing : How to get order How to send export samples to foreign buyer? 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Procedure to Import Copper Tips to import Umbrellas, walking sticks, seat-sticks, riding-crops Difference between normal container and Hard Top Container Purpose of Tunnel Containers How to prepare Purchase order How to amend container number in Import General Manifest IGM The Role of the International Chamber of Commerce (ICC) How does STP units work in India? How does a Running bond work? How to make delay in delivery of Shipment? How to know volume of LCL cargo if not measured at factory How to make DA mode of payment safe Methods to Import Nickel Procedure to import Headgear Tips to import Footwear and Gaiters trade What is Fumigation in Export and Import How to Import Aluminum Methods to Import Nickel What is Ex-factory terms in Imports and Exports What is Express Release Bill of Lading What is first check assessment procedures in import customs clearance What is FOB price in Exports and Imports and how it works How to obtain Phyto sanitary certificate. What is phytosanitary certification What is the difference between BAF and CAF How to obtain a duplicate BL, if original bill of lading lost. How to obtain GSP - Certificate of Origin? Procedure to Import Copper Tips to import Umbrellas, walking sticks, seat-sticks, riding-crops Difference between normal container and Hard Top Container Purpose of Tunnel Containers How to prepare Purchase order How to amend container number in Import General Manifest IGM The Role of the International Chamber of Commerce (ICC) How does STP units work in India? How does a Running bond work? How to make delay in delivery of Shipment? How to know volume of LCL cargo if not measured at factory How to make DA mode of payment safe Methods to Import Nickel Procedure to import Headgear Tips to import Footwear and Gaiters trade What is Fumigation in Export and Import How to Import Aluminum Methods to Import Nickel Comments Harry Haria: On 14 March 2023 Can you please advise the procedure of.changing the buyer after the goods have been exported.