FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
FOREIGN EXCHANGE MANAGEMENT (TRANSFER OR ISSUE OF ANY FOREIGN SECURITY) (AMENDMENT) REGULATIONS, 2004 - Foreign Exchange Management (Transfer or Issue of Any Foreign Security) Regulations, 2004
Exports against equity participation: declare transactions and submit certified invoices and investment evidence within prescribed timelines. An Indian exporter making exports towards equity participation must declare the transaction on the applicable GR/SDF/SOFTEX form (superscribed as "Exports ... Summary
Exports against equity participation: declare transactions and submit certified invoices and investment evidence within prescribed timelines.
An Indian exporter making exports towards equity participation must declare the transaction on the applicable GR/SDF/SOFTEX form (superscribed as "Exports against equity participation in the JV/WOS abroad") and quote any RBI Identification Number. Within fifteen days of shipment the exporter must submit a customs certified copy of the invoice to the Reserve Bank through the designated branch of an authorised dealer. If the export is capitalised, the exporter must, within six months (or extended time allowed by Reserve Bank), submit share certificates or other documents evidencing the investment plus the duplicate export form through the authorised dealer's branch.
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