What is GR Waiver under FEMA

Dear Mr Khaneja,

• GR stands for "Guaranteed Remittance" Form, which is prescribed by RBI in case of export of goods and services under cause (a) of sub-section (3) of section 7, subsection (20 of section 47 of FEMA, 1999.

Exemption from filing GR form by the exporters: In case your material was imported free of cost on re-export basis, you can avail of the exemption facility from filing GR. Refer to Regulation 4 of the Foreign Exchange Management (Export of goods and services) Regulations 2000 and Master circular no. 9/2007 issued by RBI.

• In case of processing export documents through EDI system, Statutory Declaration Form (SDF) is to be filed instead of GR form, which is meant for processing documents manually.

• In case you have not made any payment to your parent company towards the value of imported goods, you need not realise the export proceeds out of the re-export of the imported goods. GR form is a mandatory RBI form in which the exporter has to declare an undertaking to realise the export proceeds on the due date.

• You may refer to part III of the Master circular no. 9/2007- cus dated 1-7-2008 dealing with operational guidelines for AD Banks for more details on GR/SDF, PP and Softex form and its waiver.

Regards,

Abhishek Gupta

Can we export a salable sample unit under GR wavier? Please help.

If you made any Commercial export ie export in the course of Trade and Commerce it is mnadatory under FEMA that you need to file SDF in case of EDI Shipping Bill  or GR in case of manual Shipping Biil with the Customs authority at the Port of Export. SDF and GR are a declaration towards realization of the value of goods to be exported or in the course of export.In other words both SDF and GR are filed with the Customs authority at Port of export  providing guarantee for realisation of the export proceeds for the goods to be exported or in the course of export.However, if you export any thing out of the Trade or Commerce ie if you rexport any goods imported in India or export is effected for repair /replacement/ refrebrication /sample or for any other purpose for which export realisation will not come in India in otherwards for which the exporter will not chage any value for export to the importer or consignee and goods are exported as FREE OF CHARGE in such case SDF or GR is not required and you need to file GR WAIVER obtained from the Autorised dealer bank with the Customs autority at the port of Export at the time of Filing of Pre export document for filinf shipping bill.

Pls help me understand if we imported some material by paying the duty and same has been found defective , now supplier ready to issue credit note against the said material, but he want back this rejected material for analysis purpose, still we need to apply for GR waiver ?

Imported material value is USD 35000

Yes, GR waiver is required

In your Bill of Entry you would have shown Freight and Insurance of the total cargo (in you case Medical device and container) now you are sending back only empty container freight and insurance will be for empty container only.There is no problem  if you want to show the same but, if there is provision to pay Customs duty on freight and Insurance at the discharge port then you need to pay the Customs duty little more.

What is the difference between Import manifest and Import Report?

Both are same both are required too file with the Customs for Import .It is filed for any vessel or Aircraft it is called Import Manifest and whereas when it is filed for any Vehicle it is called import report.

Both are same,When It is filed for any Vessel or Aircraft carrying imported goods  it is called Import Manifest and when it is filed for any Vehicle carrying imported goods it is called Import report.

Our Bank has asked a CA Certificate for the same to submit to Bank.

Can Anyone please support if there is any format for CA Certificate.

Dear Mr. Gupta

For what your Bank want CA certificate?

Dear Sir,

We imported goods for demo purpose and the same were to be returned. The invoice was provided for valuation purpose only, However, we have by mistake filed commercial bill of entry. We need to re-export the same and bank says GR waiver can not be issued

is there any way we can file for GR waiver?

Which is your bank? because your bank is wrong. Secondly, did you pay Customs duty  at the time of  

import ? if yes the same you may claim as draw back.