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of <h1>Exporters Must Declare Offsetting of Export Proceeds in Appendix 2L Certificate, Supported by Accountant Verification Under RBI Rules.</h1> The Certificate for Offsetting of Export Proceeds, outlined in Appendix 2L of the Foreign Trade Procedure 2015-2020, is a formal document required for exporters to declare the offsetting of export proceeds through various modes such as import payables, equity investment, loan repayment, or dividend repayment. Exporters must provide details of the export transaction, including invoice and shipping bill information, and declare the accuracy of the information provided. The certificate must be supported by a Chartered Accountant or Cost Accountant's verification, confirming compliance with Reserve Bank of India regulations and ensuring no misleading information is presented.
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