Set-off of export receivables permits authorised dealers to net qualifying import payables involving same or affiliated overseas counterparties.

Set-off of export receivables against import payables may be allowed by an Authorised Dealer where the transactions concern the same overseas buyer or supplier, or their overseas group or associate companies. The set-off must be completed within the stipulated period for realisation of export proceeds, including any extension allowed by the Authorised Dealer.

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