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of <h1>RBI Eases Rules for Export Bill Write-Offs, Increases Limits for Exporters and Banks with Conditions.</h1> The circular issued by the Reserve Bank of India simplifies the procedure for the 'write-off' of unrealized export bills. It allows exporters and Authorized Dealer banks more flexibility by increasing the limits for self 'write-off' to 5% for regular exporters and 10% for Status Holder Exporters and banks, based on the previous year's export proceeds. The write-off is subject to conditions such as the outstanding amount being over a year old, efforts made to recover dues, and certain specific circumstances like buyer insolvency or destruction of goods. Exporters must surrender any export incentives received, and certain cases, such as those under investigation, are excluded from this facility.
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