Attention of the Authorized
Dealers is invited to FE Circular No. 11
dated December 11, 2017 relating to making
and dispatch of shipping documents by the
2. In order to further facilitate the exporters,
the terms and conditions for direct dispatch
of shipping documents by the exporters to
their buyers abroad have been further relaxed.
Accordingly, clause (iii) and clause (iv)
of Para 11A of the Foreign Exchange Manual-2017
are being revised as under:
iii) The total outstanding/unrealized
exports allowed by the AD through this
facility shall not exceed 50% exports
of the preceding year.
iv) This facility shall be extended only
to those exporters who have minimum export
realization of USD 250,000 or equivalent
during the last three years. To this end,
the AD may accept certificates of other
ADs showing export performance of the
exporter through them.
3. All other instructions on the subject
shall remain unchanged.
4. ADs are advised to bring the above instructions
to the notice of all their constituents
and ensure meticulous compliance.