Set-off of export receivables against import payables: AD Category I banks may allow set offs under prescribed documentary and reporting safeguards. AD Category - I banks are delegated authority to allow set-off of export receivables against import payables only where imports comply with the Foreign Trade Policy, invoices/bills of lading/airway bills and exchange control copies of Bills of Entry for home consumption are submitted, import payments remain outstanding, consent for set-off exists from the same overseas buyer/supplier, transactions are reported in 'R' Returns, GR forms are released only after full adjustment/receipt of export proceeds, and ACU country transactions are excluded.