Hello,
I think it's the moral duty of ebay to guide the Community about the correct procedure of doing exports for low value Items. Even if they don't have the expertise about exports they should hire a Consultant and organize a workshop for the same.
This would make things clear and Innocent Sellers who don't know the correct procedure wouldn't find themselves trapped under FEMA.
Withdrawing money from PayPal would not be a problem but compling with laws could be a nightmare.
I would suggest that we all put forth our Questions to ebay to clear our doubts before we proceed further.
We would keep compiling the Questions and prepare the final List for ebay to reply. (Hope ebay don't have an objection to this)
YOU ARE REQUESTED TO TRY PUTTING THE QUESTION IN SHORT (preferably limiting to 1 or 2 lines). YOU MAY ASK ANY NUMBER OF QUESTIONS.
I start with :-
1. Can we withdraw money to any Bank or only to Bank dealing in Foreign Currency (Authorized Dealer Bank) ?
2. Would it still be viable to do exports through ebay for low value Items ?
3. Can filling of Forms GR / PP / SOFTEX etc be avoided in case of low value Items ?
..... Interested members can add more questions and I would keep compiling a list to avoid any duplicates.
Let's come together to clear all our doubts.
.
best regards
Umang Midha
.
best regards
Umang Midha