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Agency Commission on Exports : Authorised dealers may allow payment of commission, either by remittance or by deduction from invoice value, on application submitted by the exporter. The application should contain details about export particulars. The remittance may be allowed subject to the following conditions.
i) Amount of commission has been declared on GR/PP/SOFTEX form and accepted by customs authorities or the exporter has submitted a no objection certificate from customs
ii) Rate of Commission do not exceed 12.5% of invoice value.
iii) Commission sought to be remitted is not 011 export of a canalised item. Project exports or exports financed under lines of credit extended by Government of India or EXIM Bank. This may also be allowed on exports made by I1:dian partners towards equity participation in an overseas Joint Venture/wholly owned subsidiary.
iv) The relative shipment has already been made.
Export of computer Software : Export of Computer Software in physical form is done on GRPP forms. Export of computer software in non-physical form should be declared on SOFTEX fo
EXPORTS UNDER DEFERRED PAYMENTS : You have learnt that all export proceeds must be surrendered to an authorised dealer within 180 days from the date of shipment. Exporters are r
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