Offsetting of export proceeds requires exporter declaration and certified RBI consent and accountant certification with supporting documents. Certificate for offsetting export proceeds requires exporter particulars, selection of offsetting mode, an exporter declaration confirming compliance with trade law and that RBI permission has been obtained. An annexed Certificate of Chartered Accountant substitutes for the bank certificate, verifying export documentation, confirming specific RBI permission for the offsetting, attesting no conflict of interest, and accepting liability for any false statements; enclosures must include the RBI permission and a buyer/parent company letter.
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Offsetting of export proceeds requires exporter declaration and certified RBI consent and accountant certification with supporting documents.
Certificate for offsetting export proceeds requires exporter particulars, selection of offsetting mode, an exporter declaration confirming compliance with trade law and that RBI permission has been obtained. An annexed Certificate of Chartered Accountant substitutes for the bank certificate, verifying export documentation, confirming specific RBI permission for the offsetting, attesting no conflict of interest, and accepting liability for any false statements; enclosures must include the RBI permission and a buyer/parent company letter.
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