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Jagjeet Singh (ca-final) (174 Points)

03 February 2010

WHY THE FAQUE COMMISSION IS WRITTEN ON THE SHIPPING BILL

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 03 February 2010

DT:03.01.2010

MUNNY,

BEFORE THE EXPORT OF GOODS BUYER & SELLER DO AGREEMENT ON EXPORT SALES CONTRACT , AND IF THEY AGREE FOR THE COMMISIOMN IS GIVEN BY THE EXPORTER TO CONSIGNEE .

THE BUYER / HIS AGENT IS LIABLE FOR RECEIVING THIS COMMISSION.

WHEN REALISATION RECEIVED BY EXPORTER, IN BANK CERTIFICATE OF EXPORT AND REALISATION , IN APPENDIX-22A, THROUGH BANK THEN BANK DEDUCT THIS AMOUNT IN COLUMN NO. 12.

REAGIONAL LICENSING AUTHORITY , DGFT AND CUSTOM REALISED THE BENEFIT AFTER DEDUCTION THIS AMOUNT IN COLUMN NO.14.

THE CHA MENTIONED THIS AMOUNT BEFORE SUBMIT IN CUSTOM AUTHORISED , CMC CENTRE, THAT IS WHY MENTIONED THE WORD (FAC) IN SHIPPING BILL OF THE CONCERNED EXPORTER.

REGARDS,

RAMESH KUMAR VERMA

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RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 03 February 2010

munny,

have u any query captioned the subject tell me, i remain you,

ramesh kumar verma

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 03 February 2010

munny,

DT:- 03.01.2010

TIME:- 4.42PM

F.A.C. refers to FOREIGN AGENCY COMMISSION AND AS PER FOREIGN TRADE POLICY PROCEDURE & HAND BOOK .PROCEDURES . (VOL-1) 2009-2014 THIS COMMISSION CAN NOT EXCEED 12.5%

REGARDS,

RAMESH KUMAR VERMA

(Guest)

Commission written on the Shipping Bill is not fake. Rates for Commission are already defined and custom department have calculated the same and it is nearest to the actual.

>> Rajesh

RAMESH KUMAR VERMA ( CS PURSUING ) (43853 Points)
Replied 04 February 2010

dear sir,

as per hand book procedure vol-1 2009-2014 , para 4.43 of the said " an application for grant of credit under DEPB, made to reagional licensing authority , AGENCY COMMISSION SHALL BE ALLOWED FOR DEPB ENTITLEMENT UP TO 12.5% OF FOB VALUE ONLY"

RAMESH KUMAR VERMA