Circular

CUS CIR NO. 53/2004 DATE 13/10/2004

Document type: Circular
Reference no.: J
Dated: 26 Apr 2012
Category: CBEC Circulars Issued In The Year-2004

Waiver of filing GR forms for exports of value below US $ 25,000 under Foreign Exchange Management Regulations

CUS CIR NO. 53/2004 DATE 13/10/2004

Waiver of filing GR forms for exports of value below US $ 25,000 under Foreign Exchange Management Regulations

I am directed to invite your attention to the notification No.FEMA.116/2004-RB, dated the 25th March, 2004 issued by Reserve Bank of India vide which Regulation 4(d) and 4(e) of Foreign Exchange Management (Exports of Goods and Services ) Regulations, 2000 has been amended. As per this the export of goods valued not more than USD twenty five thousand (US $ 25,000) have been exempted from filing GR/PP declaration. Similarly for export of gifts valued upto rupees five lakhs (Rs.5,00,000/-) have also been exempted from filing GR/PP declaration. Trade has represented that said instructions are not being followed by field formations of Customs.

2. The matter has been examined by the Board and to state that the instruction contained in the Regulation 4(d) and 4(e) of Foreign Exchange Management (Exports of Goods and Services ) Regulations, 2000 as amended vide notification No.FEMA.116/2004-RB, dated the 25th March, 2004 may kindly be implemented in letter and spirit.

3. The above said instructions may be brought to the notice of all concerned.

4. Hindi version will follow.

Yours faithfully,

(D.S. Garbyal)
Under Secretary to the Government of India
Phone: 23094182

F.No.450/111/2004-Cus.IV

CUS CIR NO. 53/2004 DATE 13/10/2004

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