In Foreign Exchange,
OF FRESH FRUITS AND VEGETABLES AGAINST ADVANCE PAYMENTS
CERTIFICATION OF 'E'
exporters of fresh fruits and vegetables have represented
that they purchase the commodities required for export on
the very day of the shipment and often, when a commodity
of the required grade is not available in sufficient quantity,
they purchase some other fresh fruits/vegetables as authorized
by their foreign buyer, and ship the same against 'Advance
Payment' already received by them. It in, therefore, difficult
for them to declare the specific goods, its quantity and
invoice value on the 'E'
In order to help the exporters in such cases, it would be
in order for the Authorized Dealers to certify 'E'
forms against Advance Payment received for export of
fresh fruits and vegetables even if the particulars of the
'Goods', their 'Quantity' and 'Invoice Value' have not been
filled in. While certifying the 'E'
form form the following remarks would be added by the
form has been certified against the outstanding balance
of __________ (amount) out of the advance payment of
__________ (amount) received on __________ (date)."
the time of shipment, the exporter will fill in the required
particulars in all copies of the 'E'
form and submit the duplicate and triplicate copies
to the Authorized Dealer alongwith the shipping documents
and an invoice duly certified by the Customs authorities.
The Authorized Dealer will compare the details of the 'Goods',
'Quantity' and 'Invoice value' with the Customs certified
invoice and process the case in accordance with the instructions
laid down in paragraph
XII of the Foreign Exchange Manual as revised vide F.E.
Circular No. 37 of 1994.
Please bring the contents of this circular to the notice
of your clients engaged in export of fresh fruits and vegetables.