Payment to Foreign Company

Dear All,

We have received a debit note from a foreign Company from which we have imported some material, due to financial problem the container was not timely get relasesed from the port .In this regard the sender company (Foreign Company) has debit us by Rs. 1000.00 USD

When we go to the Bank it has asked for the Form-15CB from CA.

We have got the Certificate from CA as indicating the TDS 15 % on 1000 USD

On the basisc of Form 15 CB, we have made a covering letter to Bank writing as to Remitted 1000.00 USD to the party.

Banker has without seen the 15 CB remitted the whole amount without deducted the TDS which was mentioned in the 15 CB certificate...

Pls let me confirm the remedy available to us regarding

Such excess payment without deducting TDS,

The Banker liability

How TDS is to be deposited by us even thou it is not deducted,

What about 15CA which we have filled electronically.

Pls suggest me quickly it is very urgent....

Regards

Sanjay Dwivedi

 

 

 

Replies (1)

Dear sir,

This is a total ignorance from Bank side. It is bank's duty to look into the documents and then only process the same. You should ask to bank only, what to do and whether bank will reimburse TDS amount? As per my view, you should pay TDS for this remittance  

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