Delegated bank powers: AD banks may regularise direct dispatch, write offs and set offs of export receivables under conditions. AD Category I banks are authorised to regularise direct dispatch of shipping documents irrespective of shipment value if export proceeds are realised, the exporter is a regular customer for at least six months, KYC/AML compliance is met and the bank is satisfied of bonafides. A revised write off regime sets cumulative ceilings for self write off and bank write off subject to aged outstanding, documentary proof of recovery efforts, specified hardship categories (with unlimited write off on evidence), reporting in EDPMS and audit checks. Set off of export receivables against import payables is permitted under supervised arrangements with enforceable agreements and strict compliance and reporting conditions. Refunds of export proceeds permitted with due diligence and evidence, including waiver of re import where goods were auctioned or destroyed.