CA certificate for Export proceeds write off
This query is : Resolved
01 June 2021
Dear Sir
We have to write off the realisation of export proceeds for which we need to submit CA certificate to AD bank. I am unable to find right format online. Can someone here help me with exact format.
Thanks & regards
Mansi
NRE
We have to write off the realisation of export proceeds for which we need to submit CA certificate to AD bank. I am unable to find right format online. Can someone here help me with exact format.
Thanks & regards
Mansi
NRE
02 June 2021
There is no standard format. It depends on multiple workings if the write off is within permissible limits etc and the type of exporter.
18 July 2024
Certainly! Below is a sample format for a CA Certificate for writing off the realization of export proceeds. This format can be customized as per your specific requirements and details:
---
**[On the letterhead of the Chartered Accountant]**
Date: [Insert Date]
To
[Name of the Authorised Dealer Bank]
[Address of the Bank]
Subject: Certificate for Write-off of Realization of Export Proceeds
Dear Sir/Madam,
This is to certify that we have examined the books of accounts, records, and relevant documents of M/s [Exporter's Name], located at [Exporter's Address], for the purpose of verifying the status of realization of export proceeds.
Upon examination and based on the information and explanations provided to us by the management, we confirm the following:
1. M/s [Exporter's Name] had exported goods/services as per the details provided below:
- Export Invoice No.: [Insert Invoice Number]
- Date of Export: [Insert Date]
- Description of Goods/Services Exported: [Provide Description]
2. The export proceeds pertaining to the above invoice remain outstanding and efforts made by M/s [Exporter's Name] for realization have been unsuccessful.
3. The total outstanding export proceeds as of [Insert Date] amount to [Insert Amount in Currency].
Based on the above examination and our findings, we hereby certify that the amount of [Insert Amount in Currency] representing the unrealized export proceeds may be written off by M/s [Exporter's Name] and such write-off is considered appropriate as per the provisions of the Foreign Exchange Management Act (FEMA) and Reserve Bank of India guidelines.
Please consider this certificate for the purpose of allowing write-off of the unrealized export proceeds by M/s [Exporter's Name].
Thanking you.
Yours faithfully,
[Signature of the Chartered Accountant]
[Name of the Chartered Accountant]
[ICAI Membership Number]
[Contact Information: Phone Number, Email Address]
---
**Notes:**
- Customize the details such as exporter's name, address, export invoice details, amount, and other specific information as per your case.
- Ensure the certificate is signed by a Chartered Accountant registered with the Institute of Chartered Accountants of India (ICAI).
- This format serves as a general guideline. It's recommended to consult with your CA to tailor it to your specific requirements and ensure compliance with applicable regulations.
If you need further customization or have specific requirements, feel free to provide more details so I can assist you accordingly.
---
**[On the letterhead of the Chartered Accountant]**
Date: [Insert Date]
To
[Name of the Authorised Dealer Bank]
[Address of the Bank]
Subject: Certificate for Write-off of Realization of Export Proceeds
Dear Sir/Madam,
This is to certify that we have examined the books of accounts, records, and relevant documents of M/s [Exporter's Name], located at [Exporter's Address], for the purpose of verifying the status of realization of export proceeds.
Upon examination and based on the information and explanations provided to us by the management, we confirm the following:
1. M/s [Exporter's Name] had exported goods/services as per the details provided below:
- Export Invoice No.: [Insert Invoice Number]
- Date of Export: [Insert Date]
- Description of Goods/Services Exported: [Provide Description]
2. The export proceeds pertaining to the above invoice remain outstanding and efforts made by M/s [Exporter's Name] for realization have been unsuccessful.
3. The total outstanding export proceeds as of [Insert Date] amount to [Insert Amount in Currency].
Based on the above examination and our findings, we hereby certify that the amount of [Insert Amount in Currency] representing the unrealized export proceeds may be written off by M/s [Exporter's Name] and such write-off is considered appropriate as per the provisions of the Foreign Exchange Management Act (FEMA) and Reserve Bank of India guidelines.
Please consider this certificate for the purpose of allowing write-off of the unrealized export proceeds by M/s [Exporter's Name].
Thanking you.
Yours faithfully,
[Signature of the Chartered Accountant]
[Name of the Chartered Accountant]
[ICAI Membership Number]
[Contact Information: Phone Number, Email Address]
---
**Notes:**
- Customize the details such as exporter's name, address, export invoice details, amount, and other specific information as per your case.
- Ensure the certificate is signed by a Chartered Accountant registered with the Institute of Chartered Accountants of India (ICAI).
- This format serves as a general guideline. It's recommended to consult with your CA to tailor it to your specific requirements and ensure compliance with applicable regulations.
If you need further customization or have specific requirements, feel free to provide more details so I can assist you accordingly.
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