Exemption from Declaration of Export of Goods and Software

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....) Circular No.61 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exemption from Declaration 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/....

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.... to India in accordance with the provisions of FEMA Regulations. 3. In this connection, the Authorised Dealers are advised 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 rev....