PARA 5.7.2
- Document type
- Procedure
- Reference no.
- 07B
- Dated
- Category
- HB Vol.1 ( upto 31/08/2004)
Condition for fulfilment of export obligation
5.7.2
Export proceeds shall be realised in freely convertible currency except for deemed exports under paragraph 5.7.3. However, in case of exports against irrevocable letter of credit in free foreign exchange, realisation of export proceeds need not be insisted for fulfillment of export obligation.
Export proceeds shall be realised in freely convertible currency except for deemed exports under paragraph 5.7.3. However, in case of exports against irrevocable letter of credit in free foreign exchange, realisation of export proceeds need not be insisted for fulfillment of export obligation.