Evidence of Import – Liberalisation

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....aragraph A10.1(i) of the Annexure to A.P (DIR Series) Circular No.106 dated June 19, 2003 in terms of which, it is obligatory on the part of the authorised dealers making import remittance to ensure that the importer submits the documentary evidence of import if the value of foreign exchange remitted/paid for import into India exceeds USD 25,000 or its equivalent. 2. On a review of the position ....

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....ntioned circular in terms of which authorised dealers may accept either Exchange Control copy of Bill of Entry for home consumption or a certificate from the Chief Executive Officer (CEO) or Auditor of the company that the goods for which remittance was made have actually been imported into India provided the amount of foreign exchange remitted is less than USD 100,000 or its equivalent. It has no....