TaxTMI 
TaxTMI 
Export of Goods and Services [Section 7]
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....g to export of goods and services. RBI has issued RBI FED Master Direction No. 16/2015-16 dated 01-01-2016 on 'Export of goods and services' consolidating direction in respect of export of goods and services. Export - 'export' includes the taking or sending out of goods by land, sea or air, on consignment or by way of sale, lease, hire-purchase, or under any other arrangement by ....
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....by the Directorate General of Foreign Trade (DGFT) and its regional offices, functioning under the Ministry of Commerce and Industry, Department of Commerce, Government of India. Policies and procedures required to be followed for exports from India are announced by the DGFT, from time to time. AD Category - I banks may conduct export transactions in conformity with the Foreign Trade Policy in vo....
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....the prevailing market conditions, expects to receive on the sale of the goods in a market outside India; (b) Obligation to furnish information required by the Reserve Bank for ensuring realisation of export proceeds * Furnish to the Reserve Bank such other information as may be required by the Reserve Bank for the purpose of ensuring the realisation of the export proceeds by such exporter. (2....