Export of goods towards equity: exporters must declare transactions and promptly submit certified invoice and investment evidence. Export of goods/software/plant and machinery as equity contribution must be declared on GR/SDF/SOFTEX form superscribed 'Exports against equity participation in the JV/WOS abroad' quoting any RBI Identification Number. The exporter must submit a customs-certified copy of the invoice to the Reserve Bank through an authorised dealer branch promptly after shipment. If exports are capitalised, the Indian party must, within the prescribed period or any RBI-allowed extension, submit share certificates or other documents from the foreign JV/WOS evidencing the investment along with the duplicate form through the authorised dealer branch.
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 of goods towards equity: exporters must declare transactions and promptly submit certified invoice and investment evidence.
Export of goods/software/plant and machinery as equity contribution must be declared on GR/SDF/SOFTEX form superscribed "Exports against equity participation in the JV/WOS abroad" quoting any RBI Identification Number. The exporter must submit a customs-certified copy of the invoice to the Reserve Bank through an authorised dealer branch promptly after shipment. If exports are capitalised, the Indian party must, within the prescribed period or any RBI-allowed extension, submit share certificates or other documents from the foreign JV/WOS evidencing the investment along with the duplicate form through the authorised dealer branch.
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