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<h1>Export declaration obligations require exporters to report shipment and payment details and remit foreign exchange via the authorised bank.</h1> Exporters must complete an Export Declaration Form (EDF) Annex I recording shipment, exporter, consignee, banking and invoice wise value details, including mode of realisation and currency/exchange information. The exporter must declare seller/consignor status, certify accuracy of particulars, and undertake to deliver full foreign exchange proceeds to the named authorised dealer bank within the realisation period under the Regulations made under the Foreign Exchange Management Act, 1999. Customs/SEZ certification is required to confirm correspondence with submitted invoices.
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