Chatroom: 'Seller and buyer can agree to deviate from Incoterms'

Under the Customs laws, you are required to declare the transaction value, i.e., the price paid or payable for the goods

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TNC Rajagopalan
Q. We are exporting certain medical surgery items to Rwanda on DDP terms. In the export invoice, we want to show import licensing charges payable to Rwanda FDA and also 15 per cent withholding tax. We are not clear on how to proceed with making the shipping bill and comply with FEMA regulations. Please guide us.

The Incoterms spell out the obligations of the buyer and seller. It is always open for the buyer and seller to agree on deviations from the obligations mentioned in the Incoterms. For example, you can have a FOB freight paid contract, where the price

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First Published: Feb 20 2023 | 4:20 PM IST

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