Answer / dr a.k upadhaya manager export

GR form is guarranted remittance is infact an exchange
control doument requd by RBI.aim is that TBI want to ensure
that the exporter has to realise export proceeds with in 6
month of shipment of goods.
,

Answer / narayanan s kashyap

GR form ( Guareanteed Remittance) is submitted to customs
dept by the exporter before shipping the good. This form is
submitted to Customs where customs at the harbour is not
computerised( ie EDI - Electronic Data Interchange). The
details like IE code, the product details , the quantity,
number of packets etc will be filled up in the same. The
customs will verify the same and submit one copy back as GR
form is to be submitted in duplicate. The customs copy is
sent to RBI by them. The exporter , his copy known as
Exchange Control copy willl submit the same along with
other export documents to his banker while negotiation
within 21 calendar days from the date of Bill of Lading.
The bank will keep the same and once export proceeds is
received will file the GR form. However in the statement to
RBI (XOS ie Export Outstanding Statement ) by the banks,
RBI will come to know about any export proceedings yet to
be received. They compare it with the GR form submitted by
the customs.

Answer / sunil maggu

gr is the guanteed remitence of export which an exporter have to done for all shipments .in this exchange control copy.invoice and packing list have to submit to RBI and Custom department.they check that all payment have been come to exporter accont or not.if all payment is not recieved then FERA is applied on exporter .

Answer / suraj k nambiar

Anuradha yadav, Nobody is perfect and there is no harm in asking something we dont know. The question was not what the person knows?

Answer / tridip

GR in term of warehouse where it is commonly used its GOODS Return, when we send the good to consignee , if the goods gets damaged or excess then the customer returns the goods and here comes in the GR , where the total detail is been mentioned about why its been returned

Answer / bhatia

Dear All

Please note that GR is only alpha number. Alpha number never
have any meaning.

Answer / anuradha yadav

You don't know what is GR form..It is used by exporter at the time of export to submit to customs and RBI. And from your question i understand that you don't know nothing about FERA and FEMA, and i think you are not related with export procedure..

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