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Exchange control copy for export
Dear Sir,
we need to know whether the exchange control copy is mandatory for bank for inward remittance. Last year 13.7.2016, we have done one export and we didn't received the exchange control copy from our freight agent. we received only EP copy. we have submitted the EP copy to our bank for the inward payment remittance, but they refused to receive. they need only exchange control copy. They are not crediting the payment to us. what is the procedure.
K.Vijayakumar
Replies (1)
Both EP and EC copy are generated at a time. Ask your agent to provide the same. There is no diff between the two, except the usage.
EP copy is used for DGFT purposes. Hence the bank may insist on EC copy oly. Get it from the agent
EP copy is used for DGFT purposes. Hence the bank may insist on EC copy oly. Get it from the agent
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