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<h1>Exporters Must Declare True Export Values Under FEMA 1999; Some Exemptions Apply for Specific Goods and Status Holders</h1> Under the Foreign Exchange Management Act (FEMA) 1999 and related regulations, exporters must furnish declarations for goods and services exports, indicating true particulars and expected export value. The importer-exporter code, issued under the Foreign Trade Act 1992, must be included in all relevant documentation. Certain exports, like trade samples, personal baggage, and goods for repair, are exempt from declaration. Exporters must realize and repatriate proceeds as per FEMA. Status Holders, recognized for their export contributions, can export certain items without cost within specified limits, but these do not qualify for export incentives.