Export of Goods and Services – Liberalisation

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....ircular No.68 February 11, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Export of Goods and Services - Liberalisation Attention of Authorised Dealers is invited to paragraph C 20 of Part C to the Annexure to AP(Dir Series) Circular No.12 of September 9, 2000 in terms of which they were prohibited from either accepting for negotiation/collection shipping docume....

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...., provided the relative letter of credit covers the full export value and also permits such drawings and the usance bills mature for payment within six months from the date of shipment. 3. A Notification amending the relevant provisions of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 notified vide Notification No.FEMA.23/ RB-2000 dated May 3,2000 is being issued ....