The
Head /Principal Offices of all
Authorized Dealers in Foreign Exchange
Dear Sirs/Madam
Forward
Booking Against Export Contracts
Attention
of Authorized Dealers is invited to para (iv) of FE Circular
No. 16 dated November 01, 2004. It is clarified that exports
on contract basis are exempt from the ambit of above mentioned
para. Accordingly, Forward Bookings against export on contact
basis are permissible, subject to observance of relevant
rules and regulations applicable for Forward Booking.
Please
bring the above to the notice of all your constituents.