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Un Realized Export Bills and Writeoff

An exporter who has not been able to realize the outstanding export dues despite best efforts, may either self-write-off  or  approach the AD, who had handled the relevant shipping documents, with appropriate supporting documentary evidence. The limits prescribed for write-offs of unrealized export bills are as under: Self-write-off  by an exporter ( Other than Status Holder Exporter ) 5%* * of the total export proceeds realized during the previous calendar year . Self-write -off by Status Holder Exporters 10%* Write-off by  AD (Authorized Dealer) 10%*  1.  CONDITION FOR WRITE OFF BY AUTHORISED DEALER: 2. The relevant amount has remained outstanding for  more than one year . 3. Exporter made  all efforts to realize the dues  and  satisfactory documentary evidence  is to be furnished in support and the case falls  under any of the undernoted categories : The overseas buyer has been declared  insolvent and...