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 ... Summary
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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