Export of Goods and Services – Liberalisation
068 Dated:- 11-2-2004 Circular
FEMA
Superseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026
Export of Goods and Services – Liberalisation
RESERVE BANK OF INDIA
FOREIGN EXCHANGE DEPARTMENT
CENTRAL OFFICE
MUMBAI – 400 001
RBI/2004/54
A.P.(DIR Series) Circular No.68
February 11, 2004
To
All Authorised Dealers in Foreign Exchange
Madam / Sirs,
Export of Goods and Services – Liberalisation
Attention of Authorised Dealers is invited to paragraph C 20 of Part C to the Annexure to AP(Dir Series) Circular No.12 of September 9, 2000 in terms of which they were prohibited from either accepting for negotiation/collection shi
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
n in cases where usance bills are to be drawn for the shipment, provided the relative letter of credit covers the full export value and also permits such drawings and the usance bills mature for payment within six months from the date of shipment.
3. A Notification amending the relevant provisions of Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 notified vide Notification No.FEMA.23/ RB-2000 dated May 3,2000 is being issued separately.
4. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned.
5. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act,1999 (42of 1999).
Yours fa
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =