Export promotional allowance: authorised dealers may permit limited free exports subject to RBI referral and recordkeeping requirements. Authorised Dealers may permit export of goods free of cost for export promotion by granting GR waivers to recognised exporters up to two per cent of the exporter's average annual exports during the preceding three years, subject to a ceiling of Rs.5 lakhs; non conforming applications should be referred to Reserve Bank regional offices. Authorised dealers must maintain records of permissions and notify constituents. Directions are issued under the Foreign Exchange Management Act, 1999.
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 promotional allowance: authorised dealers may permit limited free exports subject to RBI referral and recordkeeping requirements.
Authorised Dealers may permit export of goods free of cost for export promotion by granting GR waivers to recognised exporters up to two per cent of the exporter's average annual exports during the preceding three years, subject to a ceiling of Rs.5 lakhs; non conforming applications should be referred to Reserve Bank regional offices. Authorised dealers must maintain records of permissions and notify constituents. Directions are issued under the Foreign Exchange Management Act, 1999.
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