Advance payment against exports: conditions require timely shipment, LIBOR linked interest cap, and authorised dealer routing. Exporters receiving advance payments must ensure shipment within one year, cap interest at LIBOR plus 100 basis points, and route shipment documents through the authorised dealer who received the advance; refunds or interest remittances after that period require Reserve Bank approval unless the export agreement expressly provides for shipment beyond the one-year period.