FEMA – 037 – Dated:- 5-4-2007 – Export of Goods and Services Refund of Export Proceeds – Liberalisation RBI/2006-2007/313A. P. (DIR Series) Circular No. 37 April 05, 2007 To, All Category – I Authorised Dealer Banks Madam / Sir, Export of Goods and Services Refund of Export Proceeds – Liberalisation Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to paragraph D.2 of the Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which refund of export proceeds may be allowed by AD Category – I banks provided such goods are re-imported into India on account of poor quality etc. and evidence of re-import has been submitted. 2. With a view to further liberalising the procedure, it has been
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