A.P. (DIR Series)
Circular No.10/2002, Dt. 14/08/2002
Export of Goods and Services – Facilities to units in Special Economic Zones (SEZs)
To,
All Authorised Dealers in Foreign Exchange
Madam/Sirs,
Attention of authorised dealers is invited to paragraph C.7 of A.P. (DIR Series) Circular No. 12 dated
September 9,2000 in terms of which authorised dealers have been advised to
accede, in certain cases, to the requests of exporters for despatch of documents
direct to the consignee. It has now been decided that authorised dealers may
permit units in Special Economic Zones (SEZs) to despatch export documents
direct to the consignees outside India subject to the conditions that (a) the
export proceeds are repatriated through the authorised dealer named in the GR/SDF/PP/SOFTEX
form and (b) the duplicate copy of the respective declaration form is submitted
to the authorised dealer for monitoring purposes by the exporters within 21 days
from the date of shipment.
2. Authorised Dealers may please bring the contents of this circular to the
notice of their constituents concerned.
3. The directions contained in this circular have been issued under Section
10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of
1999).