We have received letter from our bank to submit exchange control copy against payment made to foreign vendor . However we have already submitted the same to bank previously but we missed to take acknowledge of receipt. Is there any way to get it again from customs?

Dear Expert

please advise on below case:-

Suppose if we import goods of USD 10 Lac and paid USD 10 lac to Vendor.
But later due to some quality issue we rejected this material and send back ( Re Exported ) to vendor then Vendor has provided us replacement of material of USD 8 lac and rest USD 2 lac paid by vendor to us .

Now we have received only Usd 2 Lac against re export of USD 10 lac. since replacement provided by vendor of USD 8 Lac in aspect of Material .

Please advise me does RBI allow to receive in kind consideration and also confirm to me for which amount bank will issue BRC to us against it re export.

Regards
Deepak



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Dear Sir,

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