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of <h1>Write-off of unrealised export bills by DGFT-recognised exporters permitted up to 5% annual ceiling; compliance and exclusions apply</h1> Status-holder exporters and manufacturer-exporters recognised by DGFT are permitted to 'write off' unrealised export bills up to an annual ceiling of 5% of their average annual realisations for the preceding three calendar years; the operative effect is that authorised dealers may allow such write-offs within that limit. The facility requires a Chartered Accountant's certificate evidencing three-year realisations, prior write-offs, particulars of GR/SDF, bill/invoice details and surrender of any export benefits, and excludes exports to jurisdictions with externalisation restrictions and GR/SDFs under investigation or subject to litigation, preventing write-off of such bills. Authorised dealers must submit duplicate GR/SDFs with a certified R-Return endorsement and file EBW statements with the Reserve Bank; amounts written off must be counted for limits under the earlier AP(DIR) provision, and contraventions attract penalties under FEMA.
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