Importers using foreign exchange for goods are compliant with FERA 1973 Sections 8(3) & 8(4); Bill of Entry is proof.

Importers who had acquired foreign exchange from their authorized dealers for the purpose of imports of specified goods - there is no contravention of Section 8(3) or 8(4) of FERA, 1973 as only proof of import of goods has to be filed and Bill of Entry of WH is a valid and convincing proof of the arrival of goods in India. - AT .....

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