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Archive: 21 July 2003

Posts in 21 July 2003

Limit for payment of agency commission on exports-reg

July 21, 2003 32059 Views 0 comment Print

However, of late, instances have been noticed where the Indian exporters are paying agency commission much higher than the above limit, which in some cases has exceeded even 50% of the f.o.b. value. Doubts have arisen in the minds of the field officers whether in the wake of Circular No. 12, dated 9.9.2000, issued by the RBI, the limit of 12.5% of the f.o.b. value regarding payment of agency commission is superseded.

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