Tuesday, 3 July 2012

Export of Goods and Services

RBI has issued a Master Circular No. 14/2012-13 on Export of Goods and Services.Export of Goods and Services from India is allowed in terms of clause (a) of sub-section (1) and sub-section (3) of Section 7 of the Foreign Exchange Management Act 1999 (42 of 1999), read with Notification No. G.S.R. 381(E) dated May 3, 2000 viz. Foreign Exchange Management (Current Account) Rules, 2000, as amended from time to time.
This Master Circular consolidates the existing instructions on the subject of "Export of Goods and Services from India" at one place.
This Master Circular is being issued with a sunset clause of one year. This circular will stand withdrawn on July 01, 2013 and be replaced by an updated Master Circular on the subject.
Full text of the Master Circular No.14/2012 can be obtained from: http://rbidocs.rbi.org.in/rdocs/content/pdfs/14ME010212F_A.pdf

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