Master Direction – Export of Goods and Services
This Master Direction outlines the guidelines for exports of goods and services, including software.
General Guidelines for Exports:
Exemptions from declarations, manner of receipt and payment, realization and repatriation of proceeds, and foreign currency accounts are covered.
Key Provisions:
• Exemption from declarations for certain exports.
• Manner of receipt and payment for exports.
• Realization and repatriation of proceeds of export of goods, software, and services.
• Foreign Currency Account, Diamond Dollar Account (DDA), and Exchange Earners’ Foreign Currency (EEFC) Account.
• Setting up of offices abroad and acquisition of immovable property.
This Master Direction has been significantly amended and updated as of March 23, 2016.
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Download: Master Direction – Export of Goods and Services (Updated as on March 23, 2016)