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Write-off of unrealized export bills permitted within prescribed limits, subject to eligibility, documentation, and surrender of incentives. Write-off of unrealized export bills is permitted for exporters and AD Category I banks within prescribed limits tied to total export proceeds realised in the previous calendar year, subject to conditions including a one year outstanding period, documentary proof of recovery efforts, enumerated eligibility categories (buyer insolvency, untraceability, destruction/auction of goods, embassy assisted settlements, undrawn small balances, disproportionate legal costs, dishonour of adjustment bills), and surrender of proportionate export incentives where applicable; AD banks must obtain evidence, report write-offs to the Reserve Bank, conduct audit checks, and refer exceptional cases to the regional office.
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.
Write-off of unrealized export bills permitted within prescribed limits, subject to eligibility, documentation, and surrender of incentives.
Write-off of unrealized export bills is permitted for exporters and AD Category I banks within prescribed limits tied to total export proceeds realised in the previous calendar year, subject to conditions including a one year outstanding period, documentary proof of recovery efforts, enumerated eligibility categories (buyer insolvency, untraceability, destruction/auction of goods, embassy assisted settlements, undrawn small balances, disproportionate legal costs, dishonour of adjustment bills), and surrender of proportionate export incentives where applicable; AD banks must obtain evidence, report write-offs to the Reserve Bank, conduct audit checks, and refer exceptional cases to the regional office.
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