Realization of export proceeds must be declared for third party exports; exporters must ensure compliance for named third party advance payments. The amendment requires that realization of export proceeds for goods or software exported through a third party be duly declared by the exporter in the appropriate declaration form, and revises Regulation 16(1) so that where an exporter receives advance payment (with or without interest) from a buyer or a third party named in the export declaration, the exporter is under an obligation to ensure the prescribed compliance.
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.
Realization of export proceeds must be declared for third party exports; exporters must ensure compliance for named third party advance payments.
The amendment requires that realization of export proceeds for goods or software exported through a third party be duly declared by the exporter in the appropriate declaration form, and revises Regulation 16(1) so that where an exporter receives advance payment (with or without interest) from a buyer or a third party named in the export declaration, the exporter is under an obligation to ensure the prescribed compliance.
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