Para 2.25.2
- Document type
- Procedure
- Reference no.
- 25B
- Dated
- Category
- HB Vol.1 ( upto 31/08/2004)
Direct negotiation of export documents
2.25.2
In cases where the exporter directly negotiates the document ( not through the authorised dealer) with the permission of the RBI, he is required to submit the following documents for availing of the benefits under the export promotion schemes:
a. Permission from RBI allowing direct negotiation of documents (however this is not required for status holders who have been granted a general permission),
b. Copy of the Foreign Inward Remittance Certificate (FIRC) as per Form 10-H of the Income Tax department in lieu of the BRC and
c. Statement giving details of the shipping bills/ invoice against which the FIRC was issued.
In cases where the exporter directly negotiates the document ( not through the authorised dealer) with the permission of the RBI, he is required to submit the following documents for availing of the benefits under the export promotion schemes:
a. Permission from RBI allowing direct negotiation of documents (however this is not required for status holders who have been granted a general permission),
b. Copy of the Foreign Inward Remittance Certificate (FIRC) as per Form 10-H of the Income Tax department in lieu of the BRC and
c. Statement giving details of the shipping bills/ invoice against which the FIRC was issued.