Export claims - Indian exporter bank formalities
According to Reserve Bank of India update as on 08th January 2021, the directions on RBI guidelines to exporters bank on export claims is given below:
C.22 Export claims
(i) AD Category – I banks may remit export claims on application, provided the relative export proceeds have already been realized and repatriated to India and the exporter is not on the caution list of the Reserve Bank.
(ii) In all such cases of remittances, the exporter should be advised to surrender proportionate export incentives, if any, received by him.
Bank directions to be read by each Exporter in India
Banking regulations on Exports and Imports in India
Exporting to India? Click here to read Bank process in India
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