Export of sample is zero-rated in accordance with Section 16 of IGST Act

'AD Cat I banks may close BoE for import deals where write-off is for quality issues'

We imported certain goods that are not as per specifications. So, we do not intend to pay against the imports. We want to know the FEMA guidelines for “write-off” of bill of entry (BoE).

As per RBI Master Direction No. 17/2016-17 dated January 1, 2016, “AD Category I banks may close the BoE for such import transactions where write off is on account of quality issues; short shipment or destruction of goods by the port/Customs/health authorities in terms of extant guidelines on the matter subject to submission of satisfactory documentation by the importer irrespective of the amount involved. AD Bank