TaxTMI 
TaxTMI 
Export and Import of Goods and Services
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....es, regulations & directions issued under FEMA, and extant Foreign Trade Policy issued by the Government of India, while handling transactions related to export and import of Goods and Services, including merchanting trade transactions. 3. An Authorised Dealer shall (i) send all references to the Reserve Bank through PRAVAAH portal [https://pravaah.rbi.org.in/pravaah/#/]. (ii) inform any doubtful transaction to the Directorate of Enforcement (DoE). 4. With effect from the date these directions come into force, the Master Direction - Export of Goods and Services and Master Direction - Import of Goods and Services and circulars listed at Annex shall stand superseded. 5. Authorised Dealers may bring the contents of the circular to the notice of their customers/ constituents 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 are without prejudice to permission /approvals, if any, required under any other law. 7. These directions shall come into force from October 01, 2026. Yours Sincerely, (N. Senthil Kumar) Chief General Manager ....
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....No.61 "Write-off" of unrealised export bills-Surrender of export incentives December 14, 2002 20. A.P. (DIR Series) Circular No.91 Export of Goods and Services - Facilities to Units in Special Economic Zones (SEZs) April 1, 2003 21. A.P. (DIR Series) Circular No. 94 Export of Goods and Services - Export of goods on promotional grounds April 26, 2003 22. A.P. (DIR Series) Circular No.100 Export of Goods and Services - Exports to Warehouses Abroad May 2, 2003 23. A.P. (DIR Series) Circular No.105 Supply of goods by Special Economic Zones (SEZs) to Units in Domestic Tariff Area (DTA) against payment in foreign exchange June 16, 2003 24. A.P. (DIR Series) Circular No.12 Export of Goods and Services August 20, 2003 25. A.P. (DIR Series) Circular No.20 Opening of Foreign Currency Account in India by Project /Service Exporter for Execution of Contract Abroad September 23, 2003 26. A.P. (DIR Series) Circular No.22 Export of Goods and Services - Payment of Claims by ECGC September 24, 2003 27. A.P. (DIR Series) Circular No.26 Export of Goods and Services - Export of Books on Con....
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....and Repatriation of Export Proceeds - Liberalisation June 30, 2009 47. A.P. (DIR Series) Circular No.57 Export of Goods and Software - Realisation and Repatriation of Export proceeds - Liberalisation June 29, 2010 48. A.P. (DIR Series) Circular No.03 Export of Goods and Services - Unrealised export bills - Write-off - Surrender of export incentives July 22, 2010 49. A.P. (DIR Series) Circular No.47 Export of Goods and Software - Realisation and Repatriation of Export Proceeds - Liberalisation March 31, 2011 50. A.P. (DIR Series) Circular No.40 Export of Goods and Software - Realisation and Repatriation of Export Proceeds - Liberalisation November 01, 2011 51. A.P. (DIR Series) Circular No. 47 "Set-off" of export receivables against import payables- Liberalization of Procedure November 17, 2011 52. A.P. (DIR Series) Circular No.48 Mid -Sea Trans-shipment of catch by Deep Sea Fishing Vessel November 21, 2011 53. A. P. (DIR Series) Circular No.65 Foreign Exchange Management Act, 1999 - Export of Goods and Services - Forwarder's Cargo Receipt January 12, 2012 54. A.P. (DIR Series) Circular No. ....
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....tements October 14, 2013 70. A. P. (DIR Series) Circular No.70 Third party payments for export / import transactions November 8, 2013 71. A.P. (DIR Series) Circular No.100 Third party payments for export / import transactions February 4, 2014 72. A.P. (DIR Series) Circular No.101 Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS) February 4, 2014 73. A.P. (DIR Series) Circular No. 109 Export of Goods and Services: Export Data Processing and Monitoring System (EDPMS) February 28, 2014 74. A.P. (DIR Series) Circular No. 132 Export of Goods - Long Term Export Advances May 21, 2014 75. A.P. (DIR Series) Circular No.11 Export of Goods and Services - Project Exports July 22, 2014 76. A.P. (DIR Series) Circular No.37 Export of Goods / Software / Services - Period of Realisation and Repatriation of Export Proceeds - For Exporters including Units in SEZs, Status Holder Exporters, EOUs, Units in EHTPs, STPs and BTPs November 20, 2014 77. A. P. (DIR Series) Circular No.74 Delay in Utilization of Advance Received for Exports February 09, 2015 78. A.P. (D....
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.... External Trade - Facilitation - Export of Goods and Services December 04, 2020 95. A.P. (DIR Series) Circular No. 13 Use of any Alternative reference rate in place of LIBOR for interest payable in respect of export / import transactions September 28, 2021 96. A.P. (DIR Series) Circular No. 12 Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) - reconciliation of export /import entries - Review of Guidelines October 01, 2025 B. List of the circulars superseded - Import of Goods and Services Sr. No. Circular No. Subject Date 1. A.P. (DIR Series) Circular No. 9 Foreign Exchange Management Act, 1999 August 24, 2000 2. A.P. (DIR Series) Circular No. 24 Import of Aircraft/Aircraft Engine/ Helicopter on lease basis March 1, 2002 3. A.P. (DIR Series) Circular No.15 Evidence of Import September 9, 2002 4. A.P. (DIR Series) Circular No.20 FEMA, 1999 - Current Account Transactions - Remittances towards Consultancy Services September 12, 2002 5. A.P. (DIR Series) Circular No.25 Imports int....
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.... Advance Remittance for Import of Rough Diamonds March 2, 2007 24. A.P. (DIR Series) Circular No. 63 Import of Equipments by BPO Companies in India for International Call Centre May 25, 2007 25. A.P. (DIR Series) Circular No. 77 Advance Remittance for Import of aircrafts / helicopters / other aviation related purchases June 29, 2007 26. A.P. (DIR Series) Circular No. 18 Direct Receipt of Import Bills / Documents - Liberalisation November 7, 2007 27. A.P. (DIR Series) Circular No. 37 Direct Receipt of Import Bills / Documents for Import of Rough Precious & Semi-Precious Stones April 16, 2008 28. A.P. (DIR Series) Circular No. 03 Advance Remittance for Import of Rough Diamonds August 4, 2008 29. A.P. (DIR Series) Circular No. 08 Advance Remittance for Import of Rough Diamonds August 21, 2008 30. A.P. (DIR Series) Circular No. 09 Foreign Exchange Management Act, 1999- Advance Remittance for Import of Goods - Liberalisation August 21, 2008 31. A.P. (DIR Series) Circular No. 12 Foreign Exchange Management Act, 1999 - Import of Platinum / Palladium / Rhodium / Silver August 28, 2008 32....
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.... Import of Gold by Nominated Banks/Agencies/Entities December 31, 2013 51. A.P. (DIR Series) Circular No.95 Merchanting Trade Transactions January 17, 2014 52. A.P. (DIR Series) Circular No.103 Import of Gold / Gold Dore by Nominated Banks /Agencies /Entities - Clarifications February 14, 2014 53. A.P. (DIR Series) Circular No.115 Merchanting Trade Transactions - Revised guidelines March 28, 2014 54. A.P. (DIR Series) Circular No.116 Advance Remittance for Import of Rough Diamonds April 01, 2014 55. A.P. (DIR Series) Circular No.133 Import of Gold by Nominated Banks / Agencies / Entities May 21, 2014 56. A.P. (DIR Series) Circular No.2 Import of Rough, Cut and Polished Diamonds - credit relaxation July 07, 2014 57. A.P. (DIR Series) Circular No.30 Data on Import of Gold Statement-Submission under XBRL September 15, 2014 58. A.P. (DIR Series) Circular No.42 Import of Gold (under 20: 80 Scheme) by Nominated Banks / Agencies / Entities November 28, 2014 59. A.P. (DIR Series) Circular No.76 Foreign Exchange Management Act, 1999 - Import of Goods into Indi....