Foreign exchange declaration now required in the Shipping Bill, replacing SDF to streamline export compliance obligations. Exporters must furnish the statutory declaration of foreign exchange remittance as part of the Shipping Bill, replacing the Separate Declaration Form; the declaration undertakes compliance with the Foreign Exchange Management Act including realization and repatriation of foreign exchange, and must be provided with immediate effect pursuant to the Board notification implementing the RBI-endorsed change.
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Foreign exchange declaration now required in the Shipping Bill, replacing SDF to streamline export compliance obligations.
Exporters must furnish the statutory declaration of foreign exchange remittance as part of the Shipping Bill, replacing the Separate Declaration Form; the declaration undertakes compliance with the Foreign Exchange Management Act including realization and repatriation of foreign exchange, and must be provided with immediate effect pursuant to the Board notification implementing the RBI-endorsed change.
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