Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder’s Cargo Receipt

FEMA – 027 – Dated:- 2-3-2001 – Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder s Cargo Receipt RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 A.P.(DIR Series) Circular No.27 March 2, 2001 To All Authorised Dealers in Foreign Exchange Dear Sirs, Foreign Exchange Management Act, 1999 – Export of goods and services -Forwarder s Cargo Receipt Attention of authorised dealers is invited to paragraph B.5 of the annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which they may negotiate House Airways Bills (HAWBs) issued by consolidating Cargo Agents, only if the relative letter of credit specifically provides for negotiation of HAWB, in lieu of Airway Bi

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