Export proceeds repatriation: exporters must deliver foreign exchange for declared export value to an authorised bank within prescribed time. Form SDF requires the exporter to declare Shipping Bill particulars, specify whether contracted value equals declared export value or an expected market value, and undertake to deliver to the named authorised bank the foreign exchange representing the full export value within the prescribed delivery period. The exporter must confirm residency and business presence in India and indicate Caution List status. Authorised dealers must record negotiation and collection details, bill and shipment types, report realisations in the R Return to the Reserve Bank, certify receipt of proceeds, indicate account crediting arrangements, and provide stamp and signature for Reserve Bank use.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export proceeds repatriation: exporters must deliver foreign exchange for declared export value to an authorised bank within prescribed time.
Form SDF requires the exporter to declare Shipping Bill particulars, specify whether contracted value equals declared export value or an expected market value, and undertake to deliver to the named authorised bank the foreign exchange representing the full export value within the prescribed delivery period. The exporter must confirm residency and business presence in India and indicate Caution List status. Authorised dealers must record negotiation and collection details, bill and shipment types, report realisations in the R Return to the Reserve Bank, certify receipt of proceeds, indicate account crediting arrangements, and provide stamp and signature for Reserve Bank use.
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