Press Releases

PDF document (107 kb)
Date : Nov 17, 2011
Liberalization of Export/Import procedures “Set-off” of export receivables against import payables

The Reserve Bank of India has been allowing requests from the exporters through their Authorised Dealer Category 1 banks for “set-off” of export receivables against import payables in respect of the same overseas buyer and supplier subject to certain terms and conditions. It has now been decided to delegate the power to Authorised Dealer Category – I banks to allow such set off with immediate effect. Detailed instructions in this regard have been issued in AP(DIR Series) Circular No. 47 dated November 17, 2011

Ajit Prasad
Assistant General Manager

Press Release : 2011-2012/783

Related Notification

Nov 17, 2011

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


2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
Archives
Top