“Set-off” of export receivables against import payables- Liberalization of Procedure.

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..... ory - I) banks is invited to the fact that the requests received from the exporters through their AD branches for set-off of export receivables against import payables are considered by the Reserve Bank of India. As a measure of further liberalization, it has been decided to delegate power to AD Category - I banks to deal with the cases of "set-off" of export receivables against import payables, s .....

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..... untries should be kept outside the arrangement. * All the relevant documents are submitted to the concerned AD bank who should comply with all the regulatory requirements relating to the transactions. 2. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned. 3. The directions contained in this circular have been issued under S .....

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