Proof of export relaxed for gold articles; gold consignments under customs bond may be released without bank realisation. For exports of gold jewellery and articles of gold, the DGFT relaxes the requirement to insist on the bank certificate of realisation for proof of export; if the E.P. copy of the shipping bill and a customs attested invoice are produced and RBI/Ministry of Finance guidelines are observed, gold consignments under customs bond may be released without waiting for bank realisation. The three document proof requirement continues to apply to other exports, and the bank certificate remains necessary where export benefits are claimed.
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Provisions expressly mentioned in the judgment/order text.
Proof of export relaxed for gold articles; gold consignments under customs bond may be released without bank realisation.
For exports of gold jewellery and articles of gold, the DGFT relaxes the requirement to insist on the bank certificate of realisation for proof of export; if the E.P. copy of the shipping bill and a customs attested invoice are produced and RBI/Ministry of Finance guidelines are observed, gold consignments under customs bond may be released without waiting for bank realisation. The three document proof requirement continues to apply to other exports, and the bank certificate remains necessary where export benefits are claimed.
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