Question

Can I change the buyer / importer after shipments of goods from India as original buyer / importer has defaulted?

  •   Girirajsinh P Parmar 2017-04-07 09:43:05

Answers

  •   D.L.CHAVDA

It is possible provided the reduction in value, if any, involved doesn’t exceed 25% of invoice value and realization of export proceeds is not delayed be­yond the period of 9 months from the date of export. Where the reduc­tion in value exceeds 25%, needed conditions prescribed by RBI should be satisfied.

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