Part 2
You need to approach your bank and ask them to issue you a GRV certificate stating that you need to export the goods for repair and return purposes only. You also need to mention that "The bill of entry / evidence of re-import of the repaired goods shall be submitted within one month from the date of re-import of the repaired/refurnished goods."
So even if you are going to get a refund, DO NOT mention this as the letter will not be issued. Just mention that the goods will be re-imported once they are repaired.
The bank then requires the following documents from you in order to issue this certificate:
Keep in mind that the banks are VERY finicky about these requirements and if even one is missing, they will straight up refuse to issue the certificate to you. I found this out the hard way and had to make around 4 trips to the bank.
Once they have all of this information, it will take around 4-5 working days for them to verify all of your submitted documents and then process it and issue you the certificate.
At the time of issue of the certificate, make sure that they state that the export value of the goods being sent is zero.
Once you have the certificate from your bank, you move onto even more fun with dealing with the shipping company.
You need to approach your bank and ask them to issue you a GRV certificate stating that you need to export the goods for repair and return purposes only. You also need to mention that "The bill of entry / evidence of re-import of the repaired goods shall be submitted within one month from the date of re-import of the repaired/refurnished goods."
So even if you are going to get a refund, DO NOT mention this as the letter will not be issued. Just mention that the goods will be re-imported once they are repaired.
The bank then requires the following documents from you in order to issue this certificate:
Customer Request letter for GR waiver must have the following details:
1. Brief details of the transaction, commercial value of the goods and Purpose of sending the goods, HS Code of the customer and declaration that the goods were imported for personal use and that you do not have an IEC Certificate and the details provided by yourself are true and correct
2. Debit authorization giving the a/c no. where in the charges of the GR waiver
certificate can be debited.
3. Undertaking that Customer has not obtained any GR waiver certificate earlier for goods being exported, from any Bank.
4. Our import bill reference no. if import transaction was already handled through us.
GR Approval for export of Defective goods imported in to India for repair/maintenance/refurbishing and re-import subsequently:
1. Customer request letter giving details of the transaction.
2. FEMA Declaration
3. Repairs /refurbishing invoice raised by the exporter clearly stating that No foreign exchange is involved and mentioning goods imported vide invoice no. Dated, BOE no. Dated: being exported for repairs/ refurbishing and re-import purposes.
4. Original Bill of entry of the import. In case Import was routed through us and BOE was already submitted by the importer, branch can get the Bill ref no & BOE details from our records. In case bill of entry was routed through other bank, NOC for GR waiver from AD concerned, certifying the Bill of Entry details and copy of Bill of Entry will be required. Proof of payment made.
5. Declaration that the Bill of Entry / evidence of re-import will be submitted within in one month from date of re-import of the repaired /refurbished goods.
6. Agreement/confirmation from Foreign Party agreeing to repair /re furbish goods free of cost.
Keep in mind that the banks are VERY finicky about these requirements and if even one is missing, they will straight up refuse to issue the certificate to you. I found this out the hard way and had to make around 4 trips to the bank.
Once they have all of this information, it will take around 4-5 working days for them to verify all of your submitted documents and then process it and issue you the certificate.
At the time of issue of the certificate, make sure that they state that the export value of the goods being sent is zero.
Once you have the certificate from your bank, you move onto even more fun with dealing with the shipping company.