Export of Goods and Services - Unrealised export bills - Write - off - Surrender of export incentives

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....23 A.P. (DIR Series) Circular No.03 July 22, 2010   To All Category - I Authorised Dealer Banks Madam / Sir,  Attention of Authorised Dealer Category - I (AD Category -I) banks is invited to A.P. (DIR Series) Circular No. 12 dated September 09, 2000, A.P. (DIR Series) Circular No. 30 dated April 04, 2001,  A.P. (DIR Series) Circular No. 61 dated December 14, 200....

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.... subject to the following conditions:- i. the write-off on the basis of merits is allowed by the Reserve Bank or by the AD Category - I banks on behalf of the Reserve Bank, as per the extant guidelines; ii. the exporter produces a certificate from the Foreign Mission of India concerned, about the fact of non-recovery of export proceeds from the buyer; and iii. this would not be applicable....

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....eme, if availed of, by the exporter under any of the Export Promotion Schemes under the FTP 2009-14, subject to the fulfilment of conditions as stated in Para 2 above. 5. AD - Category I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 6. The directions contained in this Circular have been issued under sections 10(4) and 11(1) of the ....