FEMA declaration for exporters instead of SDF form

 The information provided here is part of Online export import business guide course

 


FEMA declaration by exporters instead of SDF form

 

As per recent notification of Indian Customs, FEMA declaration has to be submitted  under exports in lieu of SDF declaration.

 

Click here to download FEMA declaration for exporters

 

 

The extract of declaration is as follows:

import export tutorial online

DECLARATION

I/We declare that the particulars given herein above are true, correct and complete.

I/We enclose herewith copies of the following documents*.

1.

Duty Exemption Entitlement Certi?cate/ Advance Authorisation/ Duty Free Import Authorisation Declaration

 

2

Invoice/Invoice cum packing list

 

3

Quota/Inspection certificates

 

4

Others (Specify)

 

Name of the Exporter:

 

Name of Customs Broker:

 

Designation

 

Designation

 
   

Identity Card Number

 

I/We undertake to abide by the provisions of Foreign Exchange Management Act, 1999, as amended from time to time, including realization or repatriation of foreign exchange to or from India.

* To be submitted with the exports goods in the warehouse.

Date ………………………………….

 

For Company Name

Authorized Signatory

 

An extract of notification is given under

 

Circular No. 15/2015-Customs

F. No. 450/25/2013-Cus IV (Pt.)

Government of India Ministry of Finance
Department of Revenue
(Central Board of Excise and Customs)

****

New Delhi, dated 18.05.2015.

To,

All Chief Commissioners of Customs / Customs (Preventive)

All Chief Commissioners of Customs and Central Excise

All Commissioners of Customs / Customs (Preventive)

All Commissioners of Customs and Central Excise

Sir /Madam

Subject: Dispensing with SDF form - reg.





FEMA declaration for exporters

Government has taken number of measures to enhance the ease of doing business. In this direction, a Committee constituted by Ministry of Commerce and Industry has also recommended the reduction of documents for import and export of goods in order to reduce transaction cost.

2. As per the extant provisions, an exporter is required to submit the SDF form along with Shipping Bills for export of goods. RBI has recently dispensed with the SDF in case of exports taking place through the EDI ports vide Foreign Exchange Management (Export of Goods and Services) (Amendement) Regulations, 2015’ and A.P. (DIR Series) Circular No 101, dated 14.05.2015. Cconsequently, RBI has desired that the declaration of foreign exchange remittance under the Foreign Exchange Management Act, 1999 (given below) may be made a part of the Shipping Bill.

I/We undertake to abide by provisions of Foreign Exchange Management Act, 1999, as amended from time to time, including realization / repatriation of foreign exchange to / from India.”

DGFT has endorsed this proposal.

3. Accordingly, Board has issued Notification No 46/2015-Customs (N.T.), dated 18.05.2015 to incorporate the aforementioned declaration in lieu of SDF form in the Shipping Bill. Thus, declaration as mentioned in para 2 above should be furnished by exporters as part of the declaration in the Shipping Bill with immediate effect.

4. Chief Commissioners of Customs / Chief Commissioners of Customs and Central Excise are advised to sensitize the field formation working under their jurisdiction and issue suitable Public Notice / Trade Notice for guidance of trade and public.

5. Difficulty faced, if any, in implementation of aforementioned guidelines may be brought to the notice of the Board at an early date.

Yours faithfully,

(Pawan Khetan)

OSD (Cus–IV)

 

The above information is a part of Guide on howtoexport and import 


SDF declaration form APPENDIX I

Separate SDF form not required for exporters for customs clearance

 

Also Read

Click here to know a basic tutorial about HS code (HST code)
How to find foreign  buyer? Some tips to get overseas buyers
Click here to know HS code of other product/commodity
Bank finance to exporters as pre shipment finance
What is crystallization of export bills? How does delinking of export bills work?
Liquidation of Bank pre shipment finance to exporters
Running account facilities for bank export finance
Pre shipment bank finance to suppliers for exports through other agencies
Conditions to get export loans from banks to sub suppliers
Are construction projects eligible for Bank pre shipment loan?
Difference between standard dry container and Open Top Container
How to import Prepared vegetables, Prepared fruits, Prepared nuts
Guidelines to importers of Prepared Cereals, Prepared Flour, Prepared starch and Prepared Milk
Import processes of Cocoa and Cocoa products
Trade Facilitation Agreement ( TFA) and India
Period of post shipment credit to exporters
How does a Running bond work?
How does Bill of Lading work in DP payment terms?
How does Bill of Lading work in Sight LC
Transferability of Bill of Lading
Transhipment - A redefinition
Triangular shipment


Comments


BABURAJ RAJESH SINGH: As I have seen this side I was happy and would like to say that I want to start export import business please guide me for the same

RAJKISHORE KUSHWAHA: sdf FORM NOT REQUIRED FOR BRC PLZ CONFIRM.

VIJAY: compulsory SDF form put the file confirm r not

sundaram: SDF form has been omitted by the RBI, CUSTOMS & DGFT. Whereas one bank in India insisting for SDF i.e. AXIS Bank. What to do with this bank, as our documents are held up at Axis bank and they are not forwarding the documents to the customer. Regards, K.M.Sundaram

Rajesh: Dear Mr. Baburaj Rajesh We are in export import business, please msg me if any require from our side

Shubham Shukla: Can FEMA declaration can be submitted to customs in place of SDF declaration for custom clearance.

Discussion Forum

You can also share your thoughts about this article.
Any one can answer on question posted by Readers