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Please explain Waiver of GR, why it is issued and required??
What is GR Waiver under FEMA
FCMA CS Pardeep Khaneja (M.Com, MBA, FCMA, CS) (363 Points)
02 November 2009
23 Replies
CA Abhishek Gupta
(Chartered Accountant)
(44 Points)
Replied 23 April 2010
Dear Mr Khaneja,
GR stands for "Guaranteed Remittance" Form, which is prescribed by RBI in case of export of goods and services under cause (a) of sub-section (3) of section 7, subsection (20 of section 47 of FEMA, 1999.
Exemption from filing GR form by the exporters: In case your material was imported free of cost on re-export basis, you can avail of the exemption facility from filing GR. Refer to Regulation 4 of the Foreign Exchange Management (Export of goods and services) Regulations 2000 and Master circular no. 9/2007 issued by RBI.
In case of processing export documents through EDI system, Statutory Declaration Form (SDF) is to be filed instead of GR form, which is meant for processing documents manually.
In case you have not made any payment to your parent company towards the value of imported goods, you need not realise the export proceeds out of the re-export of the imported goods. GR form is a mandatory RBI form in which the exporter has to declare an undertaking to realise the export proceeds on the due date.
Regards,
Ranjith Poojary
(4 Points)
Replied 23 January 2019
Can we export a salable sample unit under GR wavier? Please help.
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 25 January 2019
If you made any Commercial export ie export in the course of Trade and Commerce it is mnadatory under FEMA that you need to file SDF in case of EDI Shipping Bill or GR in case of manual Shipping Biil with the Customs authority at the Port of Export. SDF and GR are a declaration towards realization of the value of goods to be exported or in the course of export.In other words both SDF and GR are filed with the Customs authority at Port of export providing guarantee for realisation of the export proceeds for the goods to be exported or in the course of export.However, if you export any thing out of the Trade or Commerce ie if you rexport any goods imported in India or export is effected for repair /replacement/ refrebrication /sample or for any other purpose for which export realisation will not come in India in otherwards for which the exporter will not chage any value for export to the importer or consignee and goods are exported as FREE OF CHARGE in such case SDF or GR is not required and you need to file GR WAIVER obtained from the Autorised dealer bank with the Customs autority at the port of Export at the time of Filing of Pre export document for filinf shipping bill.
Virendra Shinde
(2 Points)
Replied 25 June 2020
Pls help me understand if we imported some material by paying the duty and same has been found defective , now supplier ready to issue credit note against the said material, but he want back this rejected material for analysis purpose, still we need to apply for GR waiver ?
Imported material value is USD 35000
Adinath Tajne
(Executive)
(2 Points)
Replied 29 July 2020
If we are importing medical device from our factory owned container and re-exporting back the empty container to factory. Do we need to declare the freight and insurance as per the import bill of entry.
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 01 August 2020
In your Bill of Entry you would have shown Freight and Insurance of the total cargo (in you case Medical device and container) now you are sending back only empty container freight and insurance will be for empty container only.There is no problem if you want to show the same but, if there is provision to pay Customs duty on freight and Insurance at the discharge port then you need to pay the Customs duty little more.
Neethi V. Kannanth
(.)
(19020 Points)
Replied 20 January 2021
What is the difference between Import manifest and Import Report?
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 25 January 2021
Both are same both are required too file with the Customs for Import .It is filed for any vessel or Aircraft it is called Import Manifest and whereas when it is filed for any Vehicle it is called import report.
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 25 January 2021
Both are same,When It is filed for any Vessel or Aircraft carrying imported goods it is called Import Manifest and when it is filed for any Vehicle carrying imported goods it is called Import report.
PRAKHAR GUPTA
(Finance controller)
(67 Points)
Replied 05 February 2021
Our Bank has asked a CA Certificate for the same to submit to Bank.
Can Anyone please support if there is any format for CA Certificate.
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 06 February 2021
Dear Mr. Gupta
For what your Bank want CA certificate?
Mehul
(Asst. Manager Accounts)
(32 Points)
Replied 31 May 2021
Dear Sir,
We imported goods for demo purpose and the same were to be returned. The invoice was provided for valuation purpose only, However, we have by mistake filed commercial bill of entry. We need to re-export the same and bank says GR waiver can not be issued
is there any way we can file for GR waiver?
CS M Pota
(Company Secreatary)
(3186 Points)
Replied 02 June 2021
Which is your bank? because your bank is wrong. Secondly, did you pay Customs duty at the time of
import ? if yes the same you may claim as draw back.
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