Bank charge for closing shipping bill too high for ecommerce seller in India.
Bank is charged a lot of money to realize the export process. Which is too much for us. Please send the below letter format by mail to all the institution like RBI, Ministry of finance, Ministry of commerce, DGFT, Customs. May be in next guidelines or FTP they will change the realize process or reduce the charge. Otherwise we shall force to close our business in near future. Date:14.08.2021 To, Sub: Regarding compulsion of EDPMS and closing of shipping bill with the AD Bank and the high bank charges imposed by the AD Banks. Respected Sir, This is to request you to look to into the matter regarding compulsion of EDPMS and closing of the shipping bill with the AD Banks and the high bank charges imposed by the AD Banks upon us. This is state that we are exporting in small quantities and amount, less than a value for Rs. 25000.00 through online portals like e-bay/Amazon and are shipped through courier/India post in CSB-V. This is to further state that the payments are received in advance through Online Gateway Payment System(OPGSP) like paypal/payoneer. This is to inform that AD Banks are charging an average of Rs. 1500.00-2000.00 as bank charges per shipping bill for EDPMS and closing of the shipping bills which is very high in respect to our monetary volume of the business which ranges an average invoice value for Rs. 1500.00 to Rs. 5000.00. Hence the bank charges for the above is unbearable for us. This is to describe you that International market is a competitive one and to compete there the price should be competitive one. You are requested to look into the matter regarding the modification of the charges imposed by the banks for the above service or modification of the system of uploading the above procedure so that the matter becomes cost effective for us, otherwise it has become difficult for us to continue with the business. Thanking you, Yours sincerely,BRC or eBRC in CSB-5 mode or postal shipping or submitting shipping bill to bank
I am using courier shipping using bank ad code & postal shipping (FPO). In that case is there any requirement of BRC or eBRC in CSB-5 mode or postal shipping or submitting shipping bill to bank? I am selling my products through ebay, which are ranging $10-$30. All my shipments are below Rs. 25000/- and I received money by paypal and payonner, which is directly credited in INR to my bank account (I have all the paypal/payonner FIRC). Also I don't want to claim any export benefits. So actually the bank realisation charges for every shipping bill is so high for me according to my business nature. Also inform me what is the possible charge for submitting shipping bill to bank. Thank you. Please guide me in this regard.