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

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....sed 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, 2002, A.P. (DIR Series) Circular No. 40 dated December 05, 2003 and A.P. (DIR Series) Circular No. 33 dated February 28, 2007, in terms of which the AD Category -I banks ....

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....ank, 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 in self-write-off cases. The above relaxation is applicable for the exports made with effect from August 27, 2009. 3. It is clarified that since the Drawback scheme is gove....

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....egory 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 Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions / approvals, if any, required under any other law. Yours faithfully, G. Jaganmohan Rao ....