RBI CIRCULAR
RBI/
2005-06 A.
P. (DIR Series) CIRCULAR No. 21/RBI Dt. 10/01/ 2006
Export
of Goods and Services - Liberalisation – GR Approval for export
Attention
of Authorised Dealer (AD) banks is invited to A.P. (DIR Series) Circular No.30
dated March 26, 2002 in terms of which AD banks have been delegated powers to
approve GR form for export of items for display or display-cum-sale in trade
fairs / exhibitions outside India subject to the conditions specified therein.
2. With a view to further liberalise the facilities available to exporters and
simplify the procedure for export, it has been decided to delegate powers to AD
banks for grant of GR approval in cases where goods are being exported for
re-import after repairs / maintenance / testing / calibration, etc. Accordingly,
AD banks may, henceforth, consider grant of GR approval, in cases where goods
are being exported for repairs, maintenance, calibration, testing etc. and
subsequently re-imported after necessary repairs / maintenance / calibration /
testing, etc. subject to the condition that the exporter shall produce relative
Bill of Entry within one month of re-import of the exported item from India.
3. It is clarified that in cases where the goods being exported for testing are
destroyed during testing, AD banks may obtain a certificate issued by the
testing agency that the goods have been destroyed during testing, in lieu of
Bill of Entry for import.
4. AD banks may bring the contents of this circular to the notice of their
constituents concerned.
5. 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.
Sd/-
(Vinay
Baijal )
Chief General Manager
Issued
by:
Reserve
Bank of India