Rupee payments treated as foreign exchange for EPCG enabling rupee receipts and CA certificates to discharge export obligations. Specified categories of rupee payments-including encashment certificate receipts, rupee payments via travel agents for foreign tourist hotel stays, rupee receipts by air/flight catering units and hotels for foreign airline crew from repatriable earnings, and rupee payments from diplomatic missions out of convertible foreign exchange-are to be treated as foreign exchange earned for EPCG export obligation discharge; money changer receipts (not against hotel bills) are excluded. For these services a Chartered Accountant certificate may be submitted in lieu of a bank certificate. Licensing authorities may grant further pre export DEPB to the extent exports are already completed, subject to the maximum entitlement in the Exim Policy.
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.
Rupee payments treated as foreign exchange for EPCG enabling rupee receipts and CA certificates to discharge export obligations.
Specified categories of rupee payments-including encashment certificate receipts, rupee payments via travel agents for foreign tourist hotel stays, rupee receipts by air/flight catering units and hotels for foreign airline crew from repatriable earnings, and rupee payments from diplomatic missions out of convertible foreign exchange-are to be treated as foreign exchange earned for EPCG export obligation discharge; money changer receipts (not against hotel bills) are excluded. For these services a Chartered Accountant certificate may be submitted in lieu of a bank certificate. Licensing authorities may grant further pre export DEPB to the extent exports are already completed, subject to the maximum entitlement in the Exim Policy.
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