Caution-listing of exporters now requires AD bank recommendations to central bank regional offices when exporters face enforcement notices. An exporter may be caution-listed by the Reserve Bank on recommendation of the AD bank to the Foreign Exchange Department Regional Office when the exporter has come to the adverse notice of enforcement agencies or is not traceable or is not making sincere efforts to realise export proceeds; AD banks also recommend de-caution-listing and the procedural treatment of shipping documents for caution-listed exporters remains unchanged.
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.
Caution-listing of exporters now requires AD bank recommendations to central bank regional offices when exporters face enforcement notices.
An exporter may be caution-listed by the Reserve Bank on recommendation of the AD bank to the Foreign Exchange Department Regional Office when the exporter has come to the adverse notice of enforcement agencies or is not traceable or is not making sincere efforts to realise export proceeds; AD banks also recommend de-caution-listing and the procedural treatment of shipping documents for caution-listed exporters remains unchanged.
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