EBW-Annexure 112

Format of the customer request letter to write-off of un realised export bills.

Ref:
Date:17/04/2018

To
The Branch Manager
KOTAK MAHINDRA BANKtd,
JAYNAGAR,
BANGALORE

Dear Sir,

SUBJECT : Write-off of unrealised export bills, IE Code No:_0493000127

In terms of instructions contained in RBI AP (DIR Series) Circular No.88 dated March 12, 2013, we
seek your approval for write-off by us under "Self Write-off" Scheme and/or write-off the unrealised
export bills under “AD Bank's scheme” as per the details given below:

Details of unrealised export bills write-off. Please tick √ the scheme of write-off among para A or
B or C or all as applicable from the below table:

Current Calendar Year:2014-15

S/ Billnu NameofBuyer Countr Commod GR/PP/ Date of Due Invoicevalue Amou Amou
Amo
N mber y ity Softex shipment Date in FC ntover ntwrit
untw
exported Formnu of the duein e-
ritten
mber Bill FC offinF
-
C
offinI
NR*
A { }Under"SelfWrite-off"Scheme:{ }ExporterotherthanStatusHolderExporter{ }StatusHolderExporter √
Tickasapplicable.
1 EXP- BAYRAMOGLU TURKE GRANITE 259799 10.05.20 9504.11 9504.
206 MERMER Y SLABS 8 14 11
GRANIT INS
2
3
I SubTotal
Ii AmountofBillsalreadywritten- InFC InIN
off,ifany,withICICIBankduringcurrentcalendaryearundertheselfwrite-offscheme. R

iii AmountofBillsalreadywritten-
off,ifany,withotherbanksduringcurrentcalendaryearundertheselfwrite-offscheme.
iv TotalAmountWrite-offwithentirebankingsystemduringthecurrentcalendaryearundertheselfwrite- InFC InIN
offscheme:(i+ii+iii)asabove: R

Note:Totalamountwrite-
offshouldnotbemorethan5%&10%ofthetotalexportproceedsrealizedduringtheprecedingcalendar
year by ExporterotherthanStatusHolderExporter& StatusHolderExporterrespectively.
 B { }TobeWritten-offunderADBank'sDelegationScheme:
1
2
3
i SubTotal
ii AmountofBillsalreadywritten-off,ifany,bythe InFC InIN
ICICIBankduringcurrentcalendaryearundertheADBank'sdelegationScheme. R

iii AmountofBillsalreadywritten-
off,ifany,byotherbanksduringcurrentcalendaryearundertheADBank'sdelegationScheme.
iv TotalAmountWrite-offwithentirebankingsystemduringthecurrentcalendaryearunder
theADBank'sdelegationScheme:(i+ii+iii)asabove:
Note:Totalamountwrite-
offshouldnotbemorethan10%ofthetotalexportproceedsrealizedduringtheprecedingcalendaryear
irrespectiveofstatusoftheExporter.
C { }Tobewritten-offunderRBI'sdelegations. (notcoveredunderparaA&Bhereinabove).
1
2
3
D Reasons ofwrite-offunder allthe threeschemesasperparaA,B&Chereinabove.
S/ NameoftheBuyer &BillNo.(asmentionedinparaA,B&Cabove) Reasons
N
NameoftheBuyer BillNo.
1 ELSAFWA FOR MARBLE AND GRANITE EXP-036 PAYMENT STILLNOT RECEIVED

*Foreign Currency (FC) amount be converted in to INR at RBI's reference exchange rate prevailing
on the date of write-off made by the exporter under the Self write-off scheme and that of prevailing on
the date of application write- off is requested under AD's delegation and/or RBI delegation scheme.

Statement of total export proceeds realized during the preceding calendar year with entire banking
system.
Preceeding calender year:
S/N Nameofthebank AmountRealised Amountrealise
Currency Amount dinINR
1 ICICIBankLtd. USD 9504.11 568820.98
Totalexportproceedsrealised

We hereby undertake, affirm & declare that:

• the relevant amount has remained outstanding for more than one year from its due date;

• all efforts have been made to realize the dues under these export bills;

• the cost of resorting to legal action would be disproportionate to the unrealized amount of the
export bill or where the exporter even after winning the Court case against the overseas buyer could not
execute the Court decree due to reasons beyond our control;

• we have surrendered proportionate export incentives (for the cases not covered under RBI AP
(DIR. Series) Circular No.3 dated July 22, 2010), if any, availed of in respect of the relative shipments. The
CA certificate to this effect is enclosed.

• The unrealised exports bills written-off and/ or requested to write-off off does not pertain to
countries with externalization problem i.e. where the overseas buyer has deposited the value of export in
local currency but the amount has not been allowed to be repatriated by the central banking authorities of
the country.

• The said GR/SDF/PP/Softex forms are not under investigation by agencies like, Enforcement
Directorate, Directorate of Revenue Intelligence, Central Bureau of Investigation, etc.

• the unrealised exports bills written-off/ to be write-off are not subject matter of any civil /
criminal suit.

Declaration-Cum-Undertaking Under FEMA, 1999

We hereby declare that this transaction does not involve, and is not designed for the purpose of any
contravention or evasion of the provisions of the aforesaid act or of any rule, regulation, notification,
direction or order made there under. We also hereby agree and undertake to give such
information/documents as will reasonably satisfy you about this transaction in terms of the above
declaration. We also undertake that if we refuse to comply with any such requirement or make only
unsatisfactory compliance therewith, the bank shall refuse in writing to undertake the transaction and
shall if it has reason to believe that any contravention / evasion is contemplated by me/us report the
matter to Reserve Bank Of India. We further declare that the undersigned has the authority to give this
declaration and undertaking on behalf of the firm/company/proprietorship entity.

We authorize you to debit our account no:656051050306 towards approval charges for processing the
request.

Yours faithfully,

For DIAAMOND GRANITES

Authorised Signatory.