Export of Goods and Services – Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year .
81 Dated:- 21-2-2012 Circular
FEMA
Superseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026<\/p>\n
RBI\/2011-12\/403<\/p>\n
A.P. (DIR Series) Circular No.81<\/p>\n
February 21, 2012<\/p>\n
To<\/p>\n
All Category – I Authorised Dealer Banks<\/p>\n
Madam \/ Sir,<\/p>\n
Export of Goods and Services –<\/p>\n
Receipt of advance payment for export of goods<\/p>\n
Involving shipment (manufacture and ship) beyond one year<\/p>\n
Attention of Authorised Dealer Category – I (AD Category I) banks is invited to the sub-regulation (2) of Regulation 16 of the Foreign Exchange Management (Export of Goods and Services) Re<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ubject to the following conditions:-<\/p>\n i. the KYC and due diligence exercise has been done by the AD Category -I bank for the overseas buyer.<\/p>\n ii. compliance with the Anti Money Laundering standards has been ensured;<\/p>\n iii. the AD Category-I bank should ensure that export advance received by the exporter should be utilized to execute export and not for any other purpose i.e., the transaction is a bona-fide transaction; <\/p>\n iv. progress payment, if any, should be received directly from the overseas buyer strictly in terms of the contract;<\/p>\n v. the rate of int<\/p>\n = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" Export of Goods and Services – Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year .81 Dated:- 21-2-2012 CircularFEMASuperseded vide A.P. (DIR Series) Circular No. 20 dated 16-01-2026 w.e.f. 01-10-2026 RBI\/2011-12\/403 A.P. (DIR Series) Circular No.81 February 21, 2012 To All Category – I Authorised Dealer Banks Madam \/ … Continue reading “Export of Goods and Services – Receipt of advance payment for export of goods Involving shipment (manufacture and ship) beyond one year .”<\/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-503","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/503","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=503"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/503\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=503"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=503"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=503"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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