Exemption from Declaration of Export of Goods and Software

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....of Export of Goods and Software Attention of Authorised Dealers is invited to Regulation 3 of Notification No. FEMA 23/2000-RB dated May 3, 2000, in terms of which every exporter of goods or software in physical form or through any other form shall furnish a Declaration in GR/SDF/PP/Softex form affirming that the full export value of goods or the software has been or will be paid in the specified....

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....sed to exercise caution in dealing with inward remittances by ensuring adherence to the 'Know Your Customer' (KYC) norms and fully satisfy themselves about the source of funds before certifying the proceeds as export receipts for different purposes. 4. The upward revision in the limit for mandatory submission of the Declaration will come into force from April 1, 2004. 5. The Authorised Dealers....