Bank certificate for export proceeds confirms receipt in freely convertible currency and compliance with central excise procedural requirements. Export shipments to Bhutan and Nepal require a Bank Certificate stating that export bills have been negotiated, proceeds received in the approved manner and in freely convertible currency, signed by a manager or authorised officer with the bank's official stamp; the certificate must be on bank letterhead and is issued only after full realisation of proceeds.
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Provisions expressly mentioned in the judgment/order text.
Bank certificate for export proceeds confirms receipt in freely convertible currency and compliance with central excise procedural requirements.
Export shipments to Bhutan and Nepal require a Bank Certificate stating that export bills have been negotiated, proceeds received in the approved manner and in freely convertible currency, signed by a manager or authorised officer with the bank's official stamp; the certificate must be on bank letterhead and is issued only after full realisation of proceeds.
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