3.12.8
- Document type
- Policy
- Dated
Transfer of Export Performance
Transfer of Export Performance
3.12.8
Transfer of export performance from one to another shall not be permitted. Thus, a shipment bill containing name of applicant shall be counted in export performance / turnover of applicant only if export proceeds from overseas are realized in applicants bank account and this shall be evidenced from BRC / FIRC.
However, for VKGUY, FMS and FPS, benefits can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from overseas) or by the company / firm who has realized the foreign exchange directly from overseas.
(Above Last sentence has been added vide NTF. NO. 43/2008, DT. 23/09/2008)
3.12.8
Transfer of export performance from one to another shall not be permitted. Thus, a shipment bill containing name of applicant shall be counted in export performance / turnover of applicant only if export proceeds from overseas are realized in applicants bank account and this shall be evidenced from BRC / FIRC.
However, for VKGUY, FMS and FPS, benefits can be claimed either by the supporting manufacturer (along with disclaimer from the company / firm who has realized the foreign exchange directly from overseas) or by the company / firm who has realized the foreign exchange directly from overseas.
(Above Last sentence has been added vide NTF. NO. 43/2008, DT. 23/09/2008)