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Attention of authorised dealers is invited to paragraph
C.7 of A.P. (DIR Series) Circular No.12 dated September
9th, 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).
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