Master Direction – Export of Goods and Services
This Master Direction outlines the guidelines for the export of goods and services, including the realization and repatriation of proceeds, manner of receipt and payment, and settlement systems.
Key aspects:
• Processing of export-related receipts through Online Payment Gateway Service Providers (OPGSPs)
• Settlement System under Asian Clearing Union (ACU) Mechanism
• Third-party payments for export/import transactions
• Settlement of export transactions in currencies not having a direct exchange rate
• International Trade Settlement
Obligations of Authorised Dealers:
• To ensure compliance with the guidelines and procedures outlined in this direction
• To maintain accurate records and submit reports as required
Remittances connected with Export:
• Guidelines for remittances related to export of goods and services
• Procedures for realization and repatriation of export proceeds
Chat with the Master Direction:
Download: Master Direction – Export of Goods and Services (Updated as on November 22, 2022)