Foreign Exchange Management Act, 1999 – Export of Goods and Services
035 Dated:- 11-6-2001 Circular
FEMA
Superseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026
Foreign Exchange Management Act, 1999 – Export of Goods and Services
RESERVE BANK OF INDIA
EXCHANGE CONTROL DEPARTMENT
CENTRAL OFFICE
MUMBAI – 400 001
A.P. (DIR Series) Circular No. 35
June 11, 2001
To
All Authorised Dealers in Foreign Exchange
Dear Sirs
Foreign Exchange Management Act, 1999 – Export of Goods and Services
Attention of authorised dealers is invited to paragraph C.10 of the Annexure to A.P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which authorised dealers have been
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ed to realise and repatriate the full export value of goods or software to India within twelve months from the date of export. However, as regards follow up of outstanding export proceeds, authorised dealers should send a statement in Form XOS containing the details of all export bills outstanding beyond six months from the date of shipment irrespective of the location of the exporter/unit. In case of units located in Special Economic Zones (SEZs), authorised dealers should indicate “SEZ” in the remarks column of XOSstatement.
3. Authorised dealers may being the contents of this circular to the notice of their constituents concerned.
4. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of
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