export of goods or services may be made without furnishing the declaration

[kamal mall]

Dear Sir,

As per Export rules 2000 one criteria is non furnishing of declaration is

goods or software accompanied by a declaration by the exporter that they are not more than twenty-five thousand 1[USD] in value;

My queries are

1. is it 25000$ or 25000 Rs.

2. Let me know Declaration format or please give me a link of Declaration

AI Summary

Export Transactions Below $25,000 Require Declaration per RBI Circular, Despite Foreign Exchange Management Regulations, 2000 Exemption. A discussion on a forum revolves around the export of goods or services without furnishing a declaration. The initial query questions whether the exemption limit is 25,000 USD or INR and requests a declaration format. Responses clarify that the current limit is 25,000 USD, and no statutory declaration is needed for exports below this value according to the Foreign Exchange Management Regulations, 2000. However, a subsequent reply cites an RBI circular stating that all export transactions, including those under 25,000 USD, must be declared, indicating a change in procedure.