Foreign inward remittance certificate requirement or irrevocable letter of credit required before export to Nepal or Bhutan. Importers in Nepal or Bhutan must make full payment before export by furnishing a Foreign Inward Remittance Certificate from an RBI authorized foreign exchange bank or by opening an irrevocable letter of credit in favour of the Indian exporter. When the export is against an irrevocable letter of credit, that circumstance is to be stated before provisions requiring the exporter to furnish specified documentation.
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.
Foreign inward remittance certificate requirement or irrevocable letter of credit required before export to Nepal or Bhutan.
Importers in Nepal or Bhutan must make full payment before export by furnishing a Foreign Inward Remittance Certificate from an RBI authorized foreign exchange bank or by opening an irrevocable letter of credit in favour of the Indian exporter. When the export is against an irrevocable letter of credit, that circumstance is to be stated before provisions requiring the exporter to furnish specified documentation.
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