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export of goods or services may be made without furnishing the declaration
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....xport of goods or services may be made without furnishing the declaration<br> Query (Issue) Started By: - kamal mall Dated:- 20-5-2014 Last Reply Date:- 29-5-2014 FEMA<br>Got 6 Replies<br>FEMA<br>Dear Sir, As per Export rules 2000 one criteria is non furnishing of declaration is goods or software accompanied by a declaration by the exporter that they are not more than twenty-five thousand 1[USD....
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....] in value; My queries are 1. is it 25000$ or 25000 Rs. 2. Let me know Declaration format or please give me a link of Declaration Reply By Pradeep Khatri: The Reply: Dear Kamal, Please check the RBI Master Circular on Export of Goods and Services in this regard. Regards Team YAGAY & SUN Consultants - Indirect Taxation and Management Reply By kamal mall: The Reply: could u send lin....
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....k of the same? Reply By Naveed S: The Reply: 1) Previously it was 25000 rupees but presently it is 25000 $. 2) In your case, no need for any statutory declaration as the same is under the exempted category - refer regulation 4 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000. Reply By Naveed S: The Reply: for clarification, pleas refer RBI/2006-07/27 Master ....
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....Circular No/09/2006-07, DT. 01/07/2006 (Part - I) - Master Circular on Export of Goods and Services. Export of Goods and Services A.2 Exemptions from Declarations (i) The requirement of declaration of export of goods and software in the prescribed form will not apply to the cases indicated in Regulation No. 4, ibid.. Exporters have been exempted from submission of declaration in the prescribed ....
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....format for exports of value not exceeding US $ 25,000 or its equivalent. The exporters shall however, be liable to realise and repatriate export proceeds as per FEMA Regulations. --- Hence, in my view, a simple declaration that the export value of goods or software does not exceed US $ 25000 should suffice. Reply By Pradeep Khatri: The Reply: Dear Kamal, For your kind information. RBI/2013-1....
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....4/14 (Master Circular No.14/2013-14) Regards, Team YAGAY & SUN (Consultants - Indirect Taxation) Reply By Sreeraj S: The Reply: Hello, What about the RBI circular dated 13 sept 2013 that states that "Under the revised procedure, the exporters will have to declare all the export transactions, including those less than US$25000, in the form as applicable" See: http://www.rbi.org.in/....
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....scripts/NotificationUser.aspx?Id=8411&Mode=0 So now all exports have to be declared? Rgds Sreeraj<br> Discussion Forum - Knowledge Sharing ....