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Export Declaration : 'Every exporter must make a true declaration in the prescribed form. The declaration is mandatory and includes:
i) The full export value of the goods; or
ii) If the full export value of the goods is not ascertainable at the time of export, the value which the exporter, having regard to the prevailing market conditions, expects to receive on the sale of goods in the overseas market.
The declaration should be supported by an affirmation by the exporters to realise the required export proceeds. Exporter's affirmation has been made. mandatory that the full export value declared is the same as contracted with the foreign importer. Any other invoicing or over invoicing may attract penal provisions under the FERA act.
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RBI Code Number: This code number is a requirement under the Foreign Exchange Regulation Act (FERA). For obtaining the code number, the firm has to apply to the Divisional Off
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Forward Contracts : As you have learnt that entering into forward contract is one of the important method of dealing with the foreign exchange risk. Let us also remind you that in
Export of Passenger Baggage: Bonafide personal baggage may be exported along with the passenger. It may also be exported within one year before or after the Passenger's departure
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