Customs issue- change in invoice value after despatch by sea

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This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

15 January 2013 Dear Experts,

I would like to know the legal provisions for below issue. thanks in advance to all experts.

The Question is can the Invoice date be after the shipped on board date? Can the Invoice number change? legally correct?

imported some consignments on sea, shipped on 7th Jan and ETA is 25th, now the invoice value got changed and my supplier has done the correction, but they have system constraint and the new invoice will only have the current date and new invoice number, means both invoice number and date got changed.
a)Can this be acceptable to customs Dept, the invoice number is changed and the date is after shipping from origin?
b) my bank will receive the first inoive, later i will give them diffrent invoice , is it ok with BANK

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)

23 January 2013 kindly noted RBI approval is not required if, after the goods have been shipped, they are to
be transferred to a new buyer other than the original buyer in the event of default by the original buyer, provided the reduction in value, involved does not exceed 25% of the invoice value and the realization of export proceeds is not delayed beyond the period of 12 months from the date of export.

Regards,

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