Export value declaration requires exporters to repatriate foreign exchange within prescribed period and authorised dealers to certify receipt and report. The declaration requires the seller/consignor to state the export value (contracted or estimated) and to undertake delivery of foreign exchange representing the full export value to the nominated authorised dealer within the prescribed period, while confirming resident status and caution-list standing. Authorised dealers must record negotiation/collection particulars, classify bill and shipment type, certify receipt of export proceeds, report SDF details in the R Return to the Reserve Bank, and provide account and receipt particulars with stamp and signature.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export value declaration requires exporters to repatriate foreign exchange within prescribed period and authorised dealers to certify receipt and report.
The declaration requires the seller/consignor to state the export value (contracted or estimated) and to undertake delivery of foreign exchange representing the full export value to the nominated authorised dealer within the prescribed period, while confirming resident status and caution-list standing. Authorised dealers must record negotiation/collection particulars, classify bill and shipment type, certify receipt of export proceeds, report SDF details in the R Return to the Reserve Bank, and provide account and receipt particulars with stamp and signature.
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