This discussion concerns a situation where export documents were sent directly to a buyer for perishable goods, leading to non-payment. The exporter is now seeking to settle an ECGC claim but faces difficulties in getting the export bills regularised by the RBI. Advice is sought on how to proceed with the ECGC claim despite these documentation challenges.
10 January 2020
Sir Our export documents were directly sent to overseas buyer as exported goods are perishable nature. Now buyer has defaulted payment. ECGC wants to regularize the export documents by RBI to settle claim.But RBI is not regularize the export Bill's. Kindly advice to get ECGC claim.