Merchandise export without physical movement
This query is : Resolved
02 February 2016
I develop a Die / tool & same is billed to my customer in US. It is not moved physically to US because I need to use the same Die / tool to manufacture the components which are physically exported to US to same customer.
What are the documents to be submitted to bank to collect the export proceeds of Die / Tool? No shipping bill can be given as there is no physical export.
What are the documents to be submitted to bank to collect the export proceeds of Die / Tool? No shipping bill can be given as there is no physical export.
Guest
Guest
(Expert)
03 February 2016
According to law, when there is no physical crossing of goods, there is no export. Consequently, you can raise a single invoice as "Die manufacturing charges" - like a service invoice.
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