Interested to Buy Any Domain ? << Click Here >> for more details...
What is GR form why we use it and what is the step of GR
FORM by various department as some little knoledge of me it
is used by custom for wher the FERA is applicate. But I
dont now where FERA is applicatble
thanks
- 7 Answers
- 84995 Views
- Kehr Surgicals, I also Faced
- E-Mail Answers
Answer Posted / narayanan s kashyap
GR form ( Guareanteed Remittance) is submitted to customs
dept by the exporter before shipping the good. This form is
submitted to Customs where customs at the harbour is not
computerised( ie EDI - Electronic Data Interchange). The
details like IE code, the product details , the quantity,
number of packets etc will be filled up in the same. The
customs will verify the same and submit one copy back as GR
form is to be submitted in duplicate. The customs copy is
sent to RBI by them. The exporter , his copy known as
Exchange Control copy willl submit the same along with
other export documents to his banker while negotiation
within 21 calendar days from the date of Bill of Lading.
The bank will keep the same and once export proceeds is
received will file the GR form. However in the statement to
RBI (XOS ie Export Outstanding Statement ) by the banks,
RBI will come to know about any export proceedings yet to
be received. They compare it with the GR form submitted by
the customs.
| Is This Answer Correct ? | 71 Yes | 12 No |
Post New Answer View All Answers
What is the fictitious assets?
what is the procedure to appoint an Austrlian citzen as indian company director...
How to pass an general entry for materials which are stored in warehouses??????
in Tally what is cost cenre,cost categori and why we need to prepare them
export sales contract and domestic sales contract? india's trade in commercial services?
Is there any circumstance where an accountant is allowed to depart from accounting standards while preparing financial statements? If yes explain why, if no explain no.
Tell me which accounting application you prefer most and why?
What is finance lease? What are bonus Shares? entry for it. What is Depreciation? What is the Journal Entry? What is DPS? What is minority Interest? where it is shown?
What is "deposit in transit"?
sir i want to know that where we taken entry of sals return in excise in manufecturing unit tell me .
What is the distinction between cost accounting and management accounting?
What is trial balance? What does an accurate trial balance suggest?
Tell me how can you explain the basic accounting equation?
In which condition a vendor raise excise invoice & what are the effect of excise invoice on client ?
Is transfer Profit / loss account to capital account important in Tally ERP 9 at the end of the financial year? And what is the benefit of transferring P/L account to Capital account ? Please I want someone to answer my question, this is my second question I posted one question 2 days ago also nobody reply to that question. Thank you.
