Export of Goods and Services - Payments of Claims by Insurance Companies-Write off

Export of Goods and Services - Payments of Claims by Insurance Companies-Write off https://www.taxtmi.com/circulars?id=4319 Permits write-off of outstanding export bills by Authorised Dealer Category I banks where claims are settled by IRDA registered insurance companies (in addition to ECGC), on exporter application with documentary proof of settlement and surrender of incentives; such bills shall be deleted from the XOS statement and the previous 10% ceiling does not apply; clarifies rupee settled claims are not export realisation in foreign exchange and must not be credited to Exchange Earners' Foreign Currency Accounts. en-us Tue, 03 Jun 2008 00:00:00 +0530 Wed, 18 Feb 2026 17:30:00 +0530 TaxTMI RSS Generator Export of Goods and Services - Payments of Claims by Insurance Companies-Write off https://www.taxtmi.com/circulars?id=4319 Permits write-off of outstanding export bills by Authorised Dealer Category I banks where claims are settled by IRDA registered insurance companies (in addition to ECGC), on exporter application with documentary proof of settlement and surrender of incentives; such bills shall be deleted from the XOS statement and the previous 10% ceiling does not apply; clarifies rupee settled claims are not export realisation in foreign exchange and must not be credited to Exchange Earners' Foreign Currency Accounts. Circulars FEMA Tue, 03 Jun 2008 00:00:00 +0530 https://www.taxtmi.com/circulars?id=4319