Hello Everyone,
Finally God has accepted our prayers & we are just hoping for the best to happen in the declaration that is to be made on 3rd March.
Regarding the recent statement by Mr.Irani,he mentioned that we will need IEC Code for withdrawals,that's fine with us & a few other sellers who have their IEC codes already,
BUT WHAT ABOUT THE SMALL/NEW SELLERS with NO IEC codes with them,WILL THEY NEVER EVER GET THEIR MONEY?????
And let me inform everyone about this,we are in this export business since 30 years,but relatively very new to ebay,& since past 3 years,it is not only the IEC code which you need to export goods,but also the VAT License,& the VAT returns are filed every 3 months,so applying for IEC codes in few days & submitting it to paypal is not the solution to this whole issue,if you mention these payments as export payments & you ship the goods as export,you will also need VAT license.
I think we all need to discuss this & ebay should help all of us to know about the Commercial Export Procedure of SINGLE ITEMS to INDIVIDUAL BUYERS,which will create a world of confusions though,as there isnt any step taken by the Indian Government to Simplify the whole process yet..
To start with the FIRC issue which paypal has declared to issue now,
Until now as an exporter,i was only exporting in bulk,not on ebay though,so we were getting FIRC's only for bigger value shipments (for more than lets say USD 1000),for which our bank charges Rs. 150,mentioning the name of the sender & the conversion rate,so we used to export it on the same name & get our goods appraised through customs & after that we needed to get all the documents like BRC & Airway/Shipping Bill cleared by RBI with all the legal formalities,& so the Shipping & Handling cost & the time involved is also relatively high on these shipments,this is the right procedure of shipping the items commercially.
But here as we are selling single items on ebay to individual buyers,lets say average selling price is
USD 10 for each item,so if we sell 100 items in a week,& by the end of the week we withdraw 1 paypal payment of the total amount USD 1000,so WILL WE GET 100 FIRCs from 100 Different Buyers? & for which we need to pay Rs.150 per FIRC,means RS.15000 only for FIRC's in an export of USD 1000 / Rs. 45000,& moreover the commercial shipment charges are also higher than the sample shipments,does anyone think is it possible this way,& can we survive in the severe competition from the foreign sellers like this??
And what about the so many documents that we need to clear through RBI after that for only $10 items??
Although there is also a little possibility of issuing 1 FIRC per withdrawal,but then we need to know what Consignee/Sender names will be mentioned on that FIRC,will it be 100 different names then?? because we need to send the goods on those specific names..
These all small things also need to be resolved with this whole issue,as we will all face such things in near future,so lets discuss about it till the whole issue is resolved,& i request to ebay staff & to higher volume sellers to help us regarding this so that we can all follow the same procedure..
Thanks,
God Bless you all.
