Fema & rbi rules for exports realisation

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GIRISH SHARMA (Querist)
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02 September 2011 Dear Sir,

We had exported some goods to a client in USA. But due to some quality issue, the buyer will not pay for the goods i.e. the full invoice value will not be paid.

How to get the GR released for such Invoice for RBI & FEMA purpose ? Since the % of reduction in invoice value is 100%, is any approval or permission required from RBI or any other authority ?

Kindly advise.

Sincere Regards
G. Sharma

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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02 September 2011 MR. SHARMA JI,

PLEASE NOTED THAT IF YOU REGISTERED IN ECGC THEN FILL UP APPROPRIATE FORM AND ECGC WILL ASSIST YOU IF BUYER NOT PROVIDE YOUR PAYMENT

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