Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt

Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt https://www.taxtmi.com/circulars?id=1835 Authorised dealers may accept Forwarder's Cargo Receipts issued by IATA approved agents in lieu of a bill of lading for negotiation or collection of shipping documents in export transactions backed by letters of credit only if the letter of credit expressly allows negotiation of the FCR and the underlying sale contract with the overseas buyer provides for acceptance of an FCR as the shipping document. en-us Fri, 02 Mar 2001 00:00:00 +0530 Wed, 18 Feb 2026 17:14:00 +0530 TaxTMI RSS Generator Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt https://www.taxtmi.com/circulars?id=1835 Authorised dealers may accept Forwarder's Cargo Receipts issued by IATA approved agents in lieu of a bill of lading for negotiation or collection of shipping documents in export transactions backed by letters of credit only if the letter of credit expressly allows negotiation of the FCR and the underlying sale contract with the overseas buyer provides for acceptance of an FCR as the shipping document. Circulars FEMA Fri, 02 Mar 2001 00:00:00 +0530 https://www.taxtmi.com/circulars?id=1835