Export | Corporate Law Reporter

Merchanting Trade Transactions

RBI/2013-14/452 A.P. (DIR Series) Circular No.95 January 17, 2014 To All Category - I Authorised Dealer Banks Merchanting Trade Transactions Madam / Sir, Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular Nos.106 & 4 dated June 19, 2003 and July 19, 2003 respectively, containing directions relating to merchanting or intermediary trade transactions.… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Export, Foreign Exchange Management Act, India, Indian rupee, Letter of credit, Reserve Bank of India

Conditional exemption to exporters under the Essential Commodities Act, 1955

The Union Cabinet yesterday approved exemption to exporters having IEC Code issued by DGFT from the purview of stock holding limits under the Essential Commodities Act, 1955 with respect to edible oilseeds, edible oils and rice. This will help exporters benefit from economies of scale and bigger operation for optimally meeting export demands on a… Read More

Tags: Business, Cabinet of India, Cooking oil, DGFT, Essential Commodities Act, Export, Food and Related Products, Grains and Legumes, Import and Export, Investing, Taiwan, Union Cabinet, Vegetable oil

Third party payments for export / import transactions

RBI/2013-14/364 A. P. (DIR Series) Circular No.70 November 8 , 2013 To All Category-I Authorised Dealer Banks Madam / Sir, Third party payments for export / import transactions Attention of Authorized Dealer Category I banks is invited to various provisions of FEMA Notification No. 14 dated May 3, 2000 dealing with the manner of receipt & payment… Read More

Tags: Ã‰lectricitÃ© de France, EDF, Export, FATF, Financial Action Task Force on Money Laundering, Foreign Exchange Management Act, Import, Somalia

Closing of Old Outstanding Bills:Export-Follow-up XOS Statements

RBI/2013-14/325 A.P. (DIR Series) Circular No. 62 October 14, 2013 To All Category - I Authorised Dealer Banks Madam / Sir, Closing of Old Outstanding Bills:Export-Follow-up XOS Statements Attention of Authorized Dealer Category I (AD Category I) banks is invited to A. P. (DIR Series) Circular No. 12 dated September 9, 2000 in terms of which AD… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Central Bureau of Investigation, December, Export, Foreign Exchange Management Act, Reserve Bank, Reserve Bank of India

India™s Foreign Trade: September, 2013

EXPORTS (including re-exports) Exports during September, 2013 were valued at US $ 27679.33 million (Rs. 176461.53 crore) which was 11.15 per cent higher in Dollar terms (29.77 per cent higher in Rupee terms) than the level of US $ 24902.00 million (Rs. 135978.63 crore) during September, 2012. Cumulative value of exports for the period April-September 2013 -14… Read More

Tags: April-September 2013, Balance of trade, Export, India, Percentage, Petroleum, Rupee, September 2012

DGFT Amends Customs Notifications to implement Option to close cases of default in Export Obligation

[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 46/2013-Customs New Delhi, dated the 26th September, 2013 G.S.R. No. 659 (E),- In exercise of the powers conferred by sub-section (1) of section 25of the Customs Act, 1962 (52 of 1962), the… Read More

Tags: August 2013, Explanation, Export, Gazette of India, Government of India, Ministry of Commerce, ministry of finance, New Delhi

Chapter 3 of Foreign Trade Policy amended

To be published in the Gazette of India Extraordinary Part II Section 3, Sub Section (II) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan, New Delhi Notification No: 43 (RE-2013)/2009-2014 New Delhi, the 25th September, 2013 Subject: Amendment in Chapter 3 of Foreign Trade Policy S.O.(E) - In exercise of the… Read More

Tags: Director-general, Export, File Transfer Protocol, Government of India, India, New Delhi, Regulation, United States Department of Commerce

Export Credit in Foreign Currency

RBI/2013-14/291 DBOD.Dir.BC.No. 57 /04.02.001/2013-14 September 25, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Export Credit in Foreign Currency Banks extend export credit in Indian Rupees as well as in foreign currency, such as Pre Shipment Credit in Foreign Currency (PCFC) and Post Shipment Credit in Foreign Currency (PSCFC), as… Read More

Tags: Central bank, Commercial bank, Currency, Exchange rate, EXIM bank, Export, Export credit agency, Indian rupee

India™s Foreign Trade report for August, 2013

EXPORTS (including re-exports) Exports during August, 2013 were valued at US $ 26135.94 million (Rs. 165202.15 crore) which was 12.97 per cent higher in Dollar terms (28.53 per cent higher in Rupee terms) than the level of US $ 23134.47 million (Rs. 128534.68 crore) during August, 2012. Cumulative value of exports for the period April-August 2013 -14… Read More

Tags: April-August, Balance of trade, Business, Export, India, Percentage, Petroleum, Rupee

DGFT notice w.r.t. Relaxation of condition for fulfillment of export obligation in respect of consignments of gold articles

TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY (PART-I, SECTION-1) GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE PUBLIC NOTICE No. 25 (RE-2013)/ 2009-2014 NEW DELHI, DATED THE 6th September, 2013 Subject: Relaxation of condition for fulfillment of export obligation in respect of consignments of gold articles. In exercise of powers… Read More

Tags: Bonded warehouse, Export, Ministry of Commerce and Industry (India), New Delhi, Reserve Bank of India, Run batted in, THE GAZETTE OF INDIA, United States Department of Commerce

DGFT circular w.r.t. Non-insistence on sequencing of import of gold being followed by export of gold jewellery/articles of gold.

To be Published in the Gazette of India Extraordinary Part-II, Section - 3, Sub-Section (ii) Government of India Ministry of Commerce & Industry Department of Commerce Udyog Bhawan Notification No. 40 (RE2013)/2009-2014 New Delhi, Dated 6th September, 2013 Subject: Non-insistence on sequencing of import of gold being followed by export of gold jewellery/articles of gold.… Read More

Tags: DFIA, Export, Government of India, India, New Delhi, Reserve Bank of India, Run batted in, THE GAZETTE OF INDIA

RBI :: Risk Management and Inter Bank Dealings

RBI/2013-14/227 A.P. (DIR Series) Circular No. 36 September 4, 2013 To All Category - I Authorised Dealer Banks Madam/ Sir, Risk Management and Inter Bank Dealings Attention of Authorised Dealers Category-I (AD Category-I) banks is invited to the Foreign Exchange Management (Foreign Exchange Derivative Contracts) Regulations, 2000 dated May 3, 2000 (Notification No. FEMA/25/RB-2000 dated… Read More

Tags: Anno Domini, Categories of New Testament manuscripts, Export, Foreign Exchange Management Act, Forward contract, General manager, India, Risk management

Rupee Export Credit – Interest Subvention

RBI/2013-14/200 DBOD.Dir.BC.No.43 /04.02.001/2013-14 August 26, 2013 All Scheduled Commercial Banks and Exim Bank (excluding RRBs) Dear Sir/ Madam, Rupee Export Credit - Interest Subvention Please refer to our circulars DBOD.Dir.BC.No.70/04.02.001/2012-13 dated January 14, 2013 and DBOD.Dir.BC.No.94/04.02.001/2012-13 dated May 24, 2013 wherein interest subvention of 2% was extended w.e.f. 01.04.2013 to 31.03.2014 on pre and post shipment rupee export credit… Read More

Tags: Commercial bank, EXIM bank, Export, Government of India, Interest, Interest rate, Reserve Bank of India, Subsidy