Export of Goods and Services – Unrealised export bills – Write – off – Surrender of export incentives
03\/2010 Dated:- 22-7-2010 Circular
FEMA
Superseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026<\/p>\n
Export of Goods and Services – Unrealised export bills – Write – off – Surrender of export incentives<\/p>\n
RBI\/2010-11\/123<\/p>\n
A.P. (DIR Series) Circular No.03<\/p>\n
July 22, 2010<\/p>\n
<\/p>\n
To<\/p>\n
All Category – I Authorised Dealer Banks<\/p>\n
Madam \/ Sir, <\/p>\n
Attention of Authorised Dealer Category – I (AD Category -I) banks is invited to A.P. (DIR Series) Circular No. 12 dated September 09, 2000, A.P. (DIR Series) Circular No. 30 dated April 04, 2001, A.P. (DIR Series) Circular No. 61 dated Dece<\/p>\n
= = = = = = = =<\/p>\n
Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n Export Promotion Schemes under the Foreign Trade Policy (FTP), subject to the following conditions:-<\/p>\n i. the write-off on the basis of merits is allowed by the Reserve Bank or by the AD Category – I banks on behalf of the Reserve Bank, as per the extant guidelines;<\/p>\n ii. the exporter produces a certificate from the Foreign Mission of India concerned, about the fact of non-recovery of export proceeds from the buyer; and<\/p>\n iii. this would not be applicable in self-write-off cases.<\/p>\n The above relaxation is applicable for the exports made with effect from August 27, 2009.<\/p>\n 3. It is clarified that since the Drawback scheme is governed by the provisions of the Customs Act, 1962 and the Rules made there under, the provisions contained in p<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n the notice of their constituents and customers concerned.<\/p>\n 6. The directions contained in this Circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and is without prejudice to permissions \/ approvals, if any, required under any other law.<\/p>\n Yours faithfully,<\/p>\n G. Jaganmohan Rao<\/p>\n Chief General Manager<\/p>\n Annex<\/p>\n [Annex to A.P. (DIR Series) Circular No.03 dated July 22, 2010]<\/p>\n Extract of Para. 2.25.4 of the Handbook of Procedure – Vol. I –<\/p>\n 2009 – 2014 of Foreign Trade Policy (FTP)<\/p>\n ''Realization of export proceeds shall not be insisted under any of the Export Promotion Schemes under this Foreign Trade Policy (FTP), if the Reserve Bank of India (RBI) writes of<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Export of Goods and Services – Unrealised export bills – Write – off – Surrender of export incentives03\/2010 Dated:- 22-7-2010 CircularFEMASuperseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026 Export of Goods and Services – Unrealised export bills – Write – off – Surrender of export incentives RBI\/2010-11\/123 A.P. (DIR Series) Circular No.03 … Continue reading “Export of Goods and Services – Unrealised export bills – Write – off – Surrender of export incentives”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-424","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=424"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/424\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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