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Bank is unable to knock off Shipping Bills on EDPMS for Ebay Sales
I sell products from India. I use EBay Global shipping for sending the Goods to other Countries. I get Shipping Bills from the shipping companies after few days when Product clears customs. In order to get BRC from any Indian Bank, They have to knock off all the shipping bills in EDPMS ( RBI monitoring software for export & Import). Kncoking off is done by crosschecking the Shipping Documents and sale documents + the amount received against that shipping Bill. But Bank is unable to do so in the case of EBay sales & the reason is Ebay uses payoneer as a third party payment Gateway, where ebay firstlly accumulate all the funds and then send the request to payoneer for a single final payout. Not only this that payout is always after all the adjustment like Sales fee, Ad fee, taxes, Refunds if any, Subscribtion if any or any other adjustments. Eventually what happens that the funds received in the payoneer differs from the amount in shipping Bills. And Bank says if the shipping is for 100$ we need to see whether you received 100$ in the Bank Account for that Export. Now in this case, what to do as we will always receive a different amount in the bank account. Either it's a glitch in the ebay Sales structure where Ebay and it's Indian Teams have not gone deep enough to understand that later on Sellers will face that issue or the solution is already there and sellers like me are not aware about it. I have not seen any seminar or online training session for the same. Now the problem is that after 9 months You start getting notices from RBI if Your Bills don't get knocked off within 9 months. And if there is no solution about this then Indian Ebay sellers will start getting notices from RBI for their Open Bills. Eagerly waiting for the solution of this query.
