Export proceeds via insurance agencies: RAs may process claims by uploading approved claim value in the DGFT EDI system. An applicant receiving export proceeds through an insurance agency must present the agency's proof of payment to the concerned RA. After verifying the bona fides, the RA will obtain Additional DGFT (EDI) approval and upload the claim value in the DGFT EDI system in lieu of an eBRC. If the proof states the claim in foreign exchange and INR, the foreign exchange amount is used; if stated only in INR, the RA will convert INR to US dollars using the exchange rate published by the customs/central tax authority on the settlement date.
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 proceeds via insurance agencies: RAs may process claims by uploading approved claim value in the DGFT EDI system.
An applicant receiving export proceeds through an insurance agency must present the agency's proof of payment to the concerned RA. After verifying the bona fides, the RA will obtain Additional DGFT (EDI) approval and upload the claim value in the DGFT EDI system in lieu of an eBRC. If the proof states the claim in foreign exchange and INR, the foreign exchange amount is used; if stated only in INR, the RA will convert INR to US dollars using the exchange rate published by the customs/central tax authority on the settlement date.
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