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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>RBI Circular No.61: Exporters Exempt from Declaring Exports Below $25,000; Customs to Avoid Unnecessary Delays.</h1> The circular addresses the exemption for exporters from declaring exports valued up to US $25,000 in prescribed forms like GR/SDF/PP/Softex, as per the Reserve Bank of India's Circular No.61 dated January 31, 2004. Despite this exemption, some Customs offices still require these declarations, causing delays and inconvenience. The circular instructs that the RBI's directive be communicated to all relevant field formations to prevent unnecessary complications during the export process.
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