IN FORCE Export policy & incentives ·?
Offsetting of Export Proceeds
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2.74 — Offsetting of Export Proceeds
Subject to specific approval of RBI, any payables, or equity investment made by an Authorisation holder under any export promotion scheme, can be used to offset
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receipts of his export proceeds. In such cases, offsetting would be equal to realisation of export proceeds and exporter would have to submit following additional documents:
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(a) Appendix-2L in lieu of Bank Realisation Certificate.
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(b) Specific permission of RBI.
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