Permission to hire warehouses abroad subject to export-outstanding, turnover, realisation-period and routing conditions. Authorised dealers may permit exporters to open or hire warehouses abroad provided the exporter's export outstanding remains within the prescribed proportion of prior year exports, the exporter satisfies the minimum export turnover requirement for the preceding year, applicable periods of realisation for status and non-status exporters are complied with, and all transactions flow through the authorised dealer's designated branch; permissions are initially for one year, renewable subject to continued compliance, and dealers must record approvals.
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.
Permission to hire warehouses abroad subject to export-outstanding, turnover, realisation-period and routing conditions.
Authorised dealers may permit exporters to open or hire warehouses abroad provided the exporter's export outstanding remains within the prescribed proportion of prior year exports, the exporter satisfies the minimum export turnover requirement for the preceding year, applicable periods of realisation for status and non-status exporters are complied with, and all transactions flow through the authorised dealer's designated branch; permissions are initially for one year, renewable subject to continued compliance, and dealers must record approvals.
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