request of
exporter was pending with them for allowing set off/write
off against unrealized export proceeds as it is for the
exporter to bring ... against the 27 outstanding
GR-I Forms. The outstanding got later on reduced to Rs 1.1
Crore comprising of 13 outstanding GR-1 Forms which
have not put in reasonable efforts to receive or recover the export
outstanding amount to the tune of Rs. 2,00,15,984/- under ... various outstanding GRs. On 03.10.2002, Bank of Maharashtra
issued a certificate, certifying the outstanding position as on
19.2.1999 for the outstanding export bills
half-year ended 30th June
2002 the JTS had export outstanding of Rs. 261,69,37,180/- comprising of
WP (C ) Nos. 19881 ... export-oriented unit (EOU) located at the Madras Export Processing Zone,
Tambaram, Chennai and had been exporting the computer hard disk
drives
Master Circular on Export of Goods and Services issued by the
Reserve Bank of India, exporters are allowed to write off outstanding
export dues only ... goods exported under 37 invoices were not
realised and it is in violation of the aforesaid Regulations. Export bills
remained outstanding during the adjudication proceedings
Dhaneswara Overseas. He also furnished a list of such outstanding export bills. When he was confronted with the statement of pending export bills forwarded ... export bills. When he confirmed with the statement of pending export bills forwarded by M/s.Tamilnadu Mercantile Bank Limited which showed 8 export pending
counsel that outstanding un-matured foreign
currency forward contracts as at year end which were backed by outstanding
export receivables as at yearend , the learned ... respect to those un-matured outstanding forward foreign
exchange contracts as at yearend which are not backed by outstanding export
receivables as at yearend
outstanding export proceeds by the
defaulter exporter. As per the procedure, the exporter used to furnish the
export documents along with the export form with ... export proceeds,
the exporters were required to furnish the export documents along with
the export form with the concerned bank. The exporters were required
Ahuja Asst. Manager RBI of India
has brought the statement of exports outstanding proceeds in
respect of M/S Next One and has proved ... record the GR
: 29 :
form export proceeds and export proceeds in respect of these
GR forms are outstanding and are in custody of the bank
export performance after expiry of the validity of the certificate, i.e., 31st March, 1979.
...your client's export outstanding since 1982 has been ... view that an exporter, who otherwise satisfies the eligibility criteria for blanket permit, should be declined the facility because his export outstandings are more than
said addition include that the assessee being an exporter, made export
of diamonds and outstanding receivable in foreign currency and entered into forward
contracts with ... exchange fluctuations
of export considerations/sale profits. It is the stated reasoning of the assessee, being
an exporter, he has outstanding receivables whose value
