Foreign Exchange Management (Export of Goods and Services) Regulations, 2015Foreign Exchange Management (Export of Goods and Services) Regulations, 2015
Foreign Exchange Management (Export of Goods and Services) Regulations, 2015Foreign Exchange Management (Export of Goods and Services) Regulations, 2015
Transfer of Documents: authorised dealers must obtain constituent declaration before negotiating export shipping documents, making signatory the exporter. Regulation 11 permits an authorised dealer to accept shipping documents for negotiation or collection from a constituent who has not signed the Regulation ... Summary
Foreign Exchange Management (Export of Goods And Services) Regulations, 2000
Transfer of Documents: authorised dealers must obtain constituent declaration before negotiating export shipping documents, making signatory the exporter.
Regulation 11 permits an authorised dealer to accept shipping documents for negotiation or collection from a constituent who has not signed the Regulation 3 declaration, provided that before acceptance the dealer requires the constituent to sign the declaration where the declared value either equals or is less than the value shown in the documents; upon signing the constituent is treated as the exporter for the full value and is governed by these Regulations.
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