Export of Goods and Services Refund of Export Proceeds - Liberalisation

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..... ion of Authorised Dealer Category - I (AD Category - I) banks is invited to paragraph D.2 of the Annexure to A. P. (DIR Series) Circular No.12 dated September 9, 2000, in terms of which refund of export proceeds may be allowed by AD Category - I banks provided such goods are re-imported into India on account of poor quality etc. and evidence of re-import has been submitted. 2. With a view to furt .....

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..... goods will be re-imported within three months from the date of remittance; and v) ensure that all procedures as applicable to normal imports are adhered to. 3. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 4. The directions contained in this circular have been issued under Sections 10(4) and 11(1) of the Foreign Exch .....

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