Just a moment...
By creating an account you can:
Press 'Enter' to add multiple search terms. Rules for Better Search
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Note
Bookmark
Share
Don't have an account? Register Here
<h1>Mandatory export disclosure of transaction, invoice, HSN/SAC and currency details; provisional valuation allowed, FX repatriation enforced</h1> The instrument prescribes mandatory disclosure requirements for exports of goods and services, specifying transactional particulars, invoice and contract data, HSN/SAC codes and currency/amount breakdowns, the effect being that exporters must furnish comprehensive export value and invoice particulars for regulatory monitoring. It clarifies valuation where full export value is not ascertainable, permitting exporters to declare expected realizable value, the effect being that provisional values may be recorded subject to later reconciliation. It imposes an express repatriation obligation to deliver foreign exchange/INR representing full export value within the realisation period prescribed by RBI, the effect being enforceable foreign exchange realisation compliance. It requires exporter declaration and certification by designated authorities, the effect being formal attestations supporting regulatory scrutiny.
TaxTMI