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Issue ID: 106821
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export of goods or services may be made without furnishing the declaration

Date 20 May 2014
Replies 6 Replies
Views 8948 Views
Asked by
Exemption from declaration for low value exports, subject to mandatory realisation and repatriation and potential revised reporting requirements.
Exports of goods and software below the prescribed low value threshold are exempt from furnishing the prescribed export declaration, but exporters must still realise and repatriate export proceeds under foreign exchange regulations; a simple exporter declaration of value below the threshold has been treated as sufficient, though later circulars have been cited that may require declaration of all export transactions and therefore should be checked before relying on the exemption. (AI Summary)

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

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