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of <h1>Exporters Can Write Off Unrealized Bills with Bank Approval, Excluding Duty Drawback Incentives; Valid from August 27, 2009.</h1> The circular addresses the conditions under which Authorized Dealer Category-I banks can permit exporters to write off unrealized export bills without surrendering export incentives, except under the Duty Drawback scheme. It highlights that under the Foreign Trade Policy 2009-14, realization of export proceeds is not mandatory if the Reserve Bank of India or AD Category-I banks approve the write-off based on merit, and the exporter provides a certificate from the Indian Foreign Mission confirming non-recovery. This relaxation applies to exports from August 27, 2009, but does not apply to self-write-off cases.
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