Export proceeds realisation certification: banks must verify export documents and confirm FOB realised and date of realisation. Appendix 22A requires exporters to present invoices, customs attested shipping bill copies, transport and insurance documents to an Authorised Foreign Exchange Dealer, which must verify particulars in the prescribed columns and certify the FOB actually realised and the date of realisation of export proceeds, subject to specified exceptions; banks must endorse realisation from freely convertible vostro accounts and may issue consolidated consignment certificates where permitted.
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Export proceeds realisation certification: banks must verify export documents and confirm FOB realised and date of realisation.
Appendix 22A requires exporters to present invoices, customs attested shipping bill copies, transport and insurance documents to an Authorised Foreign Exchange Dealer, which must verify particulars in the prescribed columns and certify the FOB actually realised and the date of realisation of export proceeds, subject to specified exceptions; banks must endorse realisation from freely convertible vostro accounts and may issue consolidated consignment certificates where permitted.
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