Export sales agains visa payment like paypal
This query is : Resolved
08 September 2013
We usually accept payments against export goods using SWIFT / Wire but the buyers ordering small quantities always ask to transfer payments via PayPal.
Kindly advice how to realize visa payments against export payments. How to make BRC and how the bank will issue GR. Any norm(s) please?
Duty drawback is an essential part of our income and we can not just leave around 10k on small shipments :(
Kindly advice how to realize visa payments against export payments. How to make BRC and how the bank will issue GR. Any norm(s) please?
Duty drawback is an essential part of our income and we can not just leave around 10k on small shipments :(
10 September 2013
RBI guidelines in this regards link is:
https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=700
https://www.rbi.org.in/Scripts/PublicationReportDetails.aspx?UrlPage=&ID=700
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