Regulatory Framework for Imports in India The Reserve Bank of India (RBI) has also issued a Master Direction on Imports of Goods and Services, which gives the procedural and regulatory guidelines for all imports to India. These guidelines establish the manner in which import payments can be made and documentary requirements for processing imports. Specific […]
Read More →Introduction:- In exercise of powers conferred by Section 3 read with Sections 5 and 9 of the Foreign Trade (D&R) Act, 1992 read with paragraphs 1.02 and 2.01 of the Foreign Trade Policy, 2015-2020, the Central Government with a view to promote ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives has amended the import policy from […]
Read More →As per RBI/2020-21/77: A.P. (DIR Series) Circular No. 08 dt. 04.12.2020 and Master Direction on Export of goods & services updated as on 08.01.2021 an exporter who has not realized export proceeds have the following options for write off of such bills : Self Write off within the limits prescribed or Approach AD Banker banker […]
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