Offsetting of export proceeds requires exporter declaration, Reserve Bank consent and chartered accountant certification for compliance. Appendix 2L sets out a certificate for offsetting export proceeds requiring exporter identification, chosen mode of offsetting, details of export documents and amounts, and a declarant's undertaking to comply with the Foreign Trade Act and policy and to affirm RBI permission for the offset. An annexed Chartered Accountant/Cost Accountant certificate must verify examined export documentation, confirm RBI consent and regulatory compliance, attest to the truthfulness of information, and state no disqualifying relationship with the exporter; specific RBI permission and a buyer/parent company letter are to be enclosed.