\u201cWrite-off\u201d of unrealized export bills \u2013 Export of Goods and Services \u2013 Simplification of procedure
88 Dated:- 12-3-2013 Circular
FEMA
Superseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026<\/p>\n
RBI\/2012-13\/435<\/p>\n
A.P. (DIR Series) Circular No. 88<\/p>\n
12^th March 2013<\/p>\n
To<\/p>\n
All Category – I Authorized Dealer Banks<\/p>\n
Madam \/ Sir,<\/p>\n
“Write-off” of unrealized export bills – Export of Goods and Services – Simplification of procedure<\/p>\n
Attention of Authorized Dealer Category – I (AD Category -I) banks is invited to A.P. (DIR. Series) Circular No. 12, 30, 61, 40, 33 and 03 dated September 09, 2000, April 04, 2001, December 14, 2002, December 05, 2003, February 28, 2007 and July 22, 2010 respectively in terms of which the exporters were given limited powers of write-off and also AD Category – I banks have been permitted to accede to the requests for “write-off” made by the exporters, subject to the conditions, inter alia, that the exporte<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n cumulatively available in a year.<\/p>\n 4. The above “write-off” will be subject to the following conditions:<\/p>\n (a) The relevant amount has remained outstanding for more than one year;<\/p>\n (b) Satisfactory documentary evidence is furnished in support of the exporter having made all efforts to realize the dues;<\/p>\n (c) The case falls under any of the undernoted categories :<\/p>\n (i)The overseas buyer has been declared insolvent and a certificate from the official liquidator indicating that there is no possibility of recovery of export proceeds has been produced.<\/p>\n (ii) The overseas buyer is not traceable over a reasonably long period of time.<\/p>\n (iii)The goods exported have been auctioned or destroyed by the Port \/ Customs \/ Health authorities in the importing country.<\/p>\n (iv)The unrealized amount represents the balance due in a case settled through the intervention of the Indian Embassy, Foreign Chamber of Commerce or similar Organization;<\/p>\n (v)The unrealized amount represents the undrawn <\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n s evidencing surrender of export incentives availed of before permitting the relevant bills to be written off.<\/p>\n (e) In case of self write-off, the exporter should submit to the concerned AD bank, a Chartered Accountant's certificate, indicating the export realization in the preceding calendar year and also the amount of write-off already availed of during the year, if any, the relevant GR \/ SDF Nos. to be written off, Bill No., invoice value, commodity exported, country of export. The CA certificate may also indicate that the export benefits, if any, availed of by the exporter have been surrendered.<\/p>\n 5. However, the following would not qualify for the “write off” facility :<\/p>\n a. Exports made to countries with externalization problem i.e. where the overseas buyer has deposited the value of export in local currency but the amount has not been allowed to be repatriated by the central banking authorities of the country.<\/p>\n b. GR \/ SDF forms which are under inve<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" \u201cWrite-off\u201d of unrealized export bills \u2013 Export of Goods and Services \u2013 Simplification of procedure88 Dated:- 12-3-2013 CircularFEMASuperseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026 RBI\/2012-13\/435 A.P. (DIR Series) Circular No. 88 12^th March 2013 To All Category – I Authorized Dealer Banks Madam \/ Sir, “Write-off” of unrealized export bills – … Continue reading “\u201cWrite-off\u201d of unrealized export bills \u2013 Export of Goods and Services \u2013 Simplification of procedure”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-536","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=536"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/536\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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