FEMA – 06/2008 – Dated:- 13-8-2008 – Export of Goods and Services- Direct Dispatch of Shipping Documents Realisation and Repatriation of Export Proceeds – Liberalisation RBI/2008-09/127A. P. (DIR Series) Circular No. 06 August 13, 2008 To, All Category – I Authorised Dealer Banks Madam / Sir, Export of Goods and Services- Direct Dispatch of Shipping Documents Realisation and Repatriation of Export Proceeds – Liberalisation Attention of Authorised Dealer Category – I (AD Category – I) banks is invited to the paragraph C .7 of A. P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which AD Category – I banks/exporters have been allowed, in certain cases, to dispatch shipping documents direct to the consignee. All other cases
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ry – I bank is fully compliant with Reserve Bank s extant KYC / AML guidelines.d) The AD Category – I bank is satisfied about the bonafides of the transaction. 3. In case of doubt, the AD Category – I bank may consider filing Special Transaction Report (STR) with FIU_IND (Financial Intelligence Unit in India). 4. The directions for Status Holder Exporters and Units in Special Economic Zones issued vide A. P. (DIR Series) Circular No. 35 dated April 1, 2002 and A. P. (DIR Series) Circular No. 10 dated August 14, 2002, respectively, shall remain unchanged. 5. AD Category – I banks may bring the contents of this Circular to the notice of their constituents and customers concerned. 6. The directions contained in this Circular have been issued u
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