"21 July 2003" Archive

Limit for payment of agency commission on exports-reg

Circular No. 64/2003-Custom duty (21/07/2003)

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,...

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