Hi, One of my Client Imported some spares from outside India, for which payment is not done( Usually they have credit understanding of 30 days). But in the recent shipment they received wrong items and exporter asking them to keep the material free of cost (very low value) and agreed to resend the correct items as per PO, as it is their mistake. Can anyone advise us, how we can close this BE outstanding at RBI and Customs level. Thank you in advance.
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WRONG IMPORT MATERIAL RECEIVED AND PAYMENT NOT DONE.
Replies (2)
Quick Summary
If it is a Free of Cost material No need to Close BE at RBI Leaval as not foreign currence is going out of India
In spite of this if you want to close BE please take a letter on the letter head of the supplier mentioning that the supply effected under Invoice No. and date ( number anf date of invoice must be the same against which you have filed BE) is to be traeted as Free supply and not any payment is to be made to us agaisnt the said invoice. Please send the letter to your banker.
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