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Insertion of Para 2.54(d) under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 33/2015-2020 - Foreign Trade Policy

Extract

..... Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Notification No. 33/2015-2020 New Delhi, Dated: 16th September, 2022 Subject: Insertion of Para 2.54(d) under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022. S.O. 4357 (E): - In exercise of powers conferred by Section 3 read with Section 5 of the Foreign Trade (Development and Regulation) Act, 1992, read with paragraph 1.02 of the For .....

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Insertion of Para 2.54(d) under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 33/2015-2020 - Foreign Trade Policy

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..... or services from the overseas seller /supplier. (ii) Indian exporters, undertaking exports of goods and services through this mechanism, shall be paid the export proceeds in INR from the balances in the designated Special Vostro account of the correspondent bank of the partner country. Effect of this Notification: Para 2.52(d) is notified, to permit Invoicing, payment and settlement of exports and imports in INR in sync with RBI's A.P. (DIR Series) Circular No. 10 dated 11th July, 2022. Thi .....

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Insertion of Para 2.54(d) under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022 - 33/2015-2020 - Foreign Trade Policy

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