DGFT endorsed the proposal of RBI to make declaration of foreign exchange remittance a part of the Shipping Bill. - Customs - 45/2015

OFFICE OF THE COMMISSIONER OF CUSTOMS (N.S.- IV) JAWAHARLAL NEHRU CUSTOM HOUSE, NHAVA SHEVA, TAL: URAN, DIST: RAIGAD, MAHARASHTRA- 400 707. F.No. S/12-Gen-38/2014-15 AM(X) Date: 01.06.2015 PUBLIC NOTICE No. 45/2015 Sub: Dispensing with SDF form reg. 1. Attention of all Exporters, Customs Brokers and Public is invited to the Boards Circular No. 15/2015-Customs dated 18.05.2015 on the above mentioned subject. 2. Government has taken number of measures to enhance the ease of doing business. In this direction, a Committee constituted by Ministry of Commerce and Industry has also recommended the reduction of documents for import and export of goods in order to reduce transaction cost. 3. As per the extant provisions, an exporter is required to submit the SDF form along with Shipping Bills for export of goods. RBI has recently dispensed with the SDF in case of exports taking place through the EDI ports vide Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2015 and A.P. (DIR Series) Circular No 101, dated 14.05.2015. Consequently, RBI has desired that the declaration of foreign exchange remittance under the Foreign Exchange Management Act, 1999 (given below) may be made a part of the Shipping Bill. I/We undertake to abide by provisions of Foreign Exchange Management Act, 1999 , as amended from time to time, including realization / repatriation of foreign exchange to / from India. DGFT has endorsed this proposal. 4. Accordingly, Board has issued Notification No 46/2015-Customs (N.T.), dated 18.05.2015 to incorporate the aforementioned declaration in lieu of SDF form in the Shipping Bill. Thus, declaration as mentioned in Para 3 above should be furnished by exporters as part of the declaration in the Shipping Bill with immediate effect. 5. All the Trade Associations/Members of Regional Advisory Committees and Custom House Agents Association are requested to publicize the contents of this Public Notice among their members/constituents 6. Difficulties faced, if any, may be brought to the notice of Centralized Appraising Main (N.S.-II N.S.-IV). Sd/- 01.06.2015 (SUBHASH AGRAWAL) COMMISSIONER OF CUSTOMS NS-IV