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
Crores, which is
the total amount of outstanding Export Bills mentioned in Charge No.28
amounting to Rs.12.72 Crores and Import Bills ... export bill proceeds from the importer abroad and adjust the bill liability of the
exporter. This is the normal trade cycle of any export finance
Crores, which is
the total amount of outstanding Export Bills mentioned in Charge No.28
amounting to Rs.12.72 Crores and Import Bills ... export bill proceeds from the importer abroad and adjust the bill liability of the
exporter. This is the normal trade cycle of any export finance
drawn etc. for export/
EEFC/ rupee resources, to the extent exports have actually
taken place. Thus, it contemplates that the export has
already been carried ... that he
was talking about the advance received by the exporter
against the export to be made. He did not state anything
about the situation
gold loan etc. to the said firm till export proceeds were realised.
6.The said firm exported the following eight consignments of gold jewellery ... partner of the said firm for realisation of the export proceeds but the same remained outstanding till date.
Sl.No.
Invoice no. and date
documents against the export within 21 days, but the party did not submit the
export documents to realize outstanding EPC of ten lakhs
payments were not supposed to be made without the
exports leg outstanding received by the banker, NAFED did not find
any objection in shifting ... only on failure of M/s EEL to liquidate its
outstanding dues regarding third country transactions that formal
complaint was filed in November, 2006 resulting
were misused and not repaid by the aforesaid
accused. The facilities under Export Packing Credit
(EPC), Inland Bill Discounting (IBD), Inland Letter of
Credit ... material for export and instead, the funds were used for
liquidating/clearing off the dues that were outstanding in
respect of certain earlier Inland
that outstanding dues stands as
Rs.3,67,931/- payable by the company of the accused persons viz.
R Piyarelall Import and Export Limited (Said ... revealed that outstanding dues stands
as Rs.3,67,931/- in the account of the company R. Piyarelall Import
and Export Limited. That
further availed the Export
Incentives / Benefits in respect of these Foreign Bills. The
consignments against these 44 Foreign Export Bills of the Company ... Bank, it was very
necessary to monitor the export bills for which payments remain
outstanding. While monitoring, the Branch Manager of the Bank was
expected
