Banking regulations on Exports and Imports in India
Click below to read:
RBI guidelines which every Exporter need to read
RBI guidelines which every Importer need to read
Foreign Exchange Management Act 1999 (42 of 1999) allows import and export goods and services as per Foreign Exchange Management (Current Account Transaction) Rules, 2000, vide Notification GSR 381E dated 03rd May, 2000. These Regulations are amended from time to time to incorporate the changes in the regulatory framework and published through amendment notifications. Within the contours of the Regulations, Reserve Bank of India also issues directions to Authorised Persons under Section 11 of the Foreign Exchange Management Act (FEMA), 1999. These directions lay down the modalities as to how the foreign exchange business has to be conducted by the Authorised Persons with their customers/constituents with a view to implementing the regulations framed.
The instructions issued on export of goods and services from India and the import of goods and services to India by the said rules and regulations have been compiled and the extracts are given in following web links.
The Import directions are updated till 31st May, 2022 and the Export directions updated till 08th January, 2021. The notifications and circular till date issued by the authorities are also updated separately in this web blog.
Click below to read:
RBI guidelines which every Exporter need to read
RBI guidelines which every Importer need to read
Banking process on Import of currencies not having direct exchange rates
Bank process on Import related payment through OPGSPs in India
Banking regulations to Merchant Importers in India
Bank process on Import factoring, import of precious metals, silver, platinum to India
How to export goods from India?
How to get Export Order?
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
Types of Insurance Documents
How does CENVAT Credit work?
Import General Manifest (IGM)
Banking formalities to be read by each Exporter in India
Exporting to India? Click here to read Bank process in India