Export payment compliance: specified manner and timelines required, with Reserve Bank or authorised dealer permission. Regulation 12 requires that payment for exported goods, software and certain services must be received in the specified manner and within prescribed periods, and prohibits actions that cause receipt otherwise, delay beyond the period, or proceeds that do not represent the full export value except for deductions allowed by the Reserve Bank or an authorised dealer. Proceedings for contravention can only be instituted after the specified period has expired and required payment has not been received. Services with no specified form may be exported without a declaration, subject to these payment conditions.
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 payment compliance: specified manner and timelines required, with Reserve Bank or authorised dealer permission.
Regulation 12 requires that payment for exported goods, software and certain services must be received in the specified manner and within prescribed periods, and prohibits actions that cause receipt otherwise, delay beyond the period, or proceeds that do not represent the full export value except for deductions allowed by the Reserve Bank or an authorised dealer. Proceedings for contravention can only be instituted after the specified period has expired and required payment has not been received. Services with no specified form may be exported without a declaration, subject to these payment conditions.
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