"Write-off" of unrealised export bills- Surrender of export incentives

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....bai-400 001 December 14, 2002 A.P.(DIR Series) Circular No.61 To All Authorised Dealers in Foreign Exchange Madam/Sirs, "Write-off" of unrealised export bills - Surrender of export incentives Attention of authorised dealers is invited to paragraph C.18 of A.P (DIR Series) Circular No.12 dated September 9, 2000 in terms of which they have been permitted to allow "write-off" of ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ain document/s evidencing surrender of export incentives availed of before permitting the relevant outstanding bills to be written off. 4. The authorised dealers are advised to put in a place a system under which their internal inspectors or auditors (including external auditors appointed by authorised dealers) carry out random sample check/percentage check of outstanding export bills written o....