Issue of Encashment Certificate (EC)

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....AD - Category I] is invited to Annexure V to A. D. (M. A. Series) Circular No. 11 dated May 16, 2000 in terms of which, pending issue of further directions, Authorised Dealers would be guided by the provisions of para 3 D.4 of the Exchange Control Manual (ECM, Volume I) for issue of Encashment Certificate. [ECM is available on the Bank's website at http://www.rbi.org.in/scripts/BS_ECMCatDisplay.as....

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..... Accordingly, when requested by the customer, Encashment Certificate in form ECF, duly signed by authorised officials, may be issued by ADs Category I on their letter-head (with their logo printed on it), irrespective of the amount. A proper record of all Encashment Certificates issued may be maintained. In cases where the Encashment Certificate is not issued, attention of the customer should be ....