Exemption from GR/PP filing for low value exports and gifts required; customs must implement the amended FEMA regulations. The RBI amended Regulation 4(d) and 4(e) of the Foreign Exchange Management (Exports of Goods and Services) Regulations to exempt certain low value exports and gifts from GR/PP declaration requirements. The Central Board of Excise and Customs directs customs field formations to implement this waiver strictly and to notify all concerned so that field practice conforms to the exemption.
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.
Exemption from GR/PP filing for low value exports and gifts required; customs must implement the amended FEMA regulations.
The RBI amended Regulation 4(d) and 4(e) of the Foreign Exchange Management (Exports of Goods and Services) Regulations to exempt certain low value exports and gifts from GR/PP declaration requirements. The Central Board of Excise and Customs directs customs field formations to implement this waiver strictly and to notify all concerned so that field practice conforms to the exemption.
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