Exporting on credit
Not sure, but I heard that RBI has set guidelines not to export goods from India on credit. Is it true?
And if this is true, does it hold good to deemed exports to 100% EOU’s as well? Any links to articles on this will be helpful. more
And if this is true, does it hold good to deemed exports to 100% EOU’s as well? Any links to articles on this will be helpful. more
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I want to pass on my query to GST Authority. It is observed that in Mumbai All sweet & FARSAN shops hv increased prices of all items in 2016 after implementing GST. Prices hv doubled as compare to rates before GST. Later GST rates slashed by Govt to 5% But all traders, shopkeepers hv not reduced rates. People are being looted. Inflation has cm dn in last 5 years. All food items like.. Dal.. Oil.. Rice.. Besson, potatoes, sugar, vegetables, aatas oil.. Ghee etc have remained almost same as compare to 2014 eg I used to buy Bundi laddo at 250 kg.. After GST.. Rates hv gone to 500.. After reducing GST... Rates hv remained same. This is the mentality of Indian traders.. Once rates increased, they never will reduce. Looting of people is continues... Benefit given by Govt is not passed on. Request all to pass on this query to proper authority.. For necessary action. Govt authorities should hold meetings to respective associations & take corrective action Govt more
Jan 01
There is no bar to exporting on credit. Criteria is to realise the proceeds within six months and reporting to RBI. Due care and caution needs to be exercised before deciding to export on credit so that you are not stuck for payment. more
Dec 26
The only requirement is of collection within 180 days of shipment / invoice, and a reporting to RBI of both reasons and actions taken for failure to collect within that time frame. Sales on Credit, whether export or domestic is the lifeblood of business, and the Govt and Institutions are as aware of that as businesses are. more
Dec 26
