Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs)

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.... Central Office Mumbai 400 001 A.P.(DIR Series) Circular No.91 April 1, 2003 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Export of Goods and Services -  Facilities to Units in Special Economic Zones (SEZs) Attention of authorised dealers is invited to A.P. (DIR Series) Circular No.28 dated March 30, 2001 and subsequent circulars issued extending various....

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.... outlined in Part B of Annexure to A.P.(DIR Series) Circular No.12 dated September 9, 2000 as amended from time to time. B. Job work abroad To promote international operations, units in SEZs are permitted to undertake job work abroad and export goods from that country itself subject to fulfilment of the following conditions : • Processing / manufacturing charges are suitably loa....

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....ld / Silver / Platinum equivalent to value of jewellery exported on the condition that the sale contract provides for the same and the approximate value of the precious metal is indicated in the relevant GR/SDF/PP forms. D. 'Netting off' of export receivables against import payments It has been decided that authorised dealers may allow requests received from exporters for ' netti....

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....RS are reported separately. (iv) The export / import transactions with ACU countries are kept outside the arrangement. (v) All the relevant documents are submitted to the concerned authorised dealer who should comply with all the regulatory requirements relating to the transactions. E. Capitalisation of import payables Units in SEZs are permitted to issue equity shares to non-residents....