6C.15
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Change of Buyer/Consignee
Prior approval of Reserve Bank is not required if, after goods have been shipped, they are to be transferred to a buyer other than the original buyer in the event of default by the latter, provided the reduction in value, if any, involved does not exceed 10% and the realisation of export proceeds is not delayed beyond the period of six months from the date of shipment. Where the reduction in value exceeds 10%, the conditions stipulated in paragraph 6C.13 should also be satisfied.