Export of goods for exhibition permits exports without prior RBI approval, with repatriation and reporting obligations. Exporters may export goods for exhibition or sale abroad without prior RBI approval; authorised dealers may approve GR forms subject to conditions: production of Bill of Entry within one month of re import for unsold items; repatriation of sale proceeds in accordance with the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000; and reporting to the authorised dealer on disposal and repatriation. Such transactions are subject to 100% internal audit by the authorised dealer.
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.
Export of goods for exhibition permits exports without prior RBI approval, with repatriation and reporting obligations.
Exporters may export goods for exhibition or sale abroad without prior RBI approval; authorised dealers may approve GR forms subject to conditions: production of Bill of Entry within one month of re import for unsold items; repatriation of sale proceeds in accordance with the Foreign Exchange Management (Realisation, Repatriation and Surrender of Foreign Exchange) Regulations, 2000; and reporting to the authorised dealer on disposal and repatriation. Such transactions are subject to 100% internal audit by the authorised dealer.
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