TaxTMI 
TaxTMI 
Furnishing declaration for Export of Goods or services
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....terchange (EDI) port, the EDF is considered submitted as part of the shipping bill. • A traveller carrying personal effects (accompanied or unaccompanied) from India is not treated as an exporter under these regulations. Export of Services • An exporter of services must submit an EDF declaring the full export value within 30 days from the end of the month in which the invoice is raised. • A single EDF may be filed for multiple service exports made in the same month. • For services (other than software), the EDF may be submitted on or before the date of receipt of payment. • The Authorised Dealer may extend the submission deadline if the exporter provides valid reasons....
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....ported by such evidence as may be specified, containing true and correct material particulars including the amount representing - • (i) the full export value of the goods or software; or • (ii) if the full export value is not ascertainable at the time of export, the value which the exporter, having regard to the prevailing market conditions expects to receive on the sale of the goods or the software in overseas market, and affirms in the said declaration that the full export value of goods (whether ascertainable at the time of export or not) or the software has been or will within the specified period be, paid in the specified manner. • Declarations shall be executed in sets of such number as specified....
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....anied; • c) Stores/ Transshipment cargo / Military supplies :- ship's stores, trans-shipment cargo and goods supplied under the orders of Central Government or of such officers as may be appointed by the Central Government in this behalf or of the military, naval or air force authorities in India for military, naval or air force requirements; • ca) Tugs or Tug Boats, Dredgers and Vessels used for providing offshore support services, subject to their re-import into India • d) Gifts less than Rs. 5 Lakhs:- by way of gift of goods accompanied by a declaration by the exporter that they are not more than five lakh rupees in value. • e) Aircraft for Overhauling:- aircrafts or....
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....ed from foreign suppliers/collaborators free of cost, found surplus after production operations. • (ga) goods listed at items (1), (2) and (3) of clause (g)^ [see note 1] to be re-exported by units in Special Economic Zones, under intimation to the Development Commissioner of Special Economic Zones / concerned Assistant Commissioner or Deputy Commissioner of Customs. • 1) imported goods found defective, for the purpose of their replacement by the foreign suppliers/collaborators; • 2) goods imported from foreign suppliers/collaborators on loan basis; • 3) goods imported from foreign suppliers/collaborators free of cost, found surplus after production o....
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....d dealer or the Reserve Bank, as the case may be. Grant of export declaration form (EDF) waiver [ Para C.1 of the Master Direction (Export of Goods & Services) ] In case of Status Holder - AD Category - I banks may consider requests for grant of EDF waiver from exporters as under: • Status holders are allowed to export freely exportable items free of cost for export promotion, subject to annual limits based on their average export realization over the previous three licensing years. • All exporters (except Gems & Jewellery and Articles of Gold/precious metals sectors): Up to 2% of average annual export realization. • Gems & Jewellery and Articles of Gold/precious metals export....
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....The exporter shall produce relative Bill of Entry within one month of re-import into India of the unsold items. • (ii) The exporter shall report to the AD Category - I banks the method of disposal of all items exported, as well as the repatriation of proceeds to India. • (iii) Such transactions approved by the AD Category - I banks will be subject to 100 per cent audit by their internal inspectors/auditors. EDF approval for export of goods for re-imports [ Para C.4 of the Master Direction (Export of Goods & Services) ] • (i) AD Category - I banks may consider request from exporters for granting EDF approval in cases where goods are being exported for re-import after repairs / maintena....