Foreign Exchange Management Act, 1999 – Export of goods and services – Reduction in value

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Full Text of the Document

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....ign Exchange Madam/Sirs, Foreign Exchange Management Act, 1999 - Export of goods and services - Reduction in value Attention of authorised dealers is invited to item (i) of paragraph C.12(b) of A.P. (DIR Series) Circular No.12 dated September 9, 2000 in terms of which authorised dealers have been permitted to allow reduction in invoice value of export which does not involve gold or silver jewel....