RESERVE BANK OF INDIA Foreign Exchange Department …

1 ! "## ##$RBI/2006-07/27 Master Circular No/09/2006-07 July 1, 2006% & '( ( ) Madam/Sir,Master Circular on Export of Goods and Services * )( ) + ( ) ( , ) ( ( - . ( !( -$. ) ( !( -/. 0 $111 -"2 $ ) , 3 * /4$- . ) ) 5 /& 2### ) 2/6 !2### ) ) 5 /& 2### ( ) ) 323 % ( ( ( ) ( ( ( ( ( 7 8 * )( ) + ( ) 8 3 % ( ) 5 ( ( ( ) ) 3/3 % ( ( ( (( ) , ( ( ( 5 3 % ( , ( ) , ) , 9 5 #$& 2##0 ) ) 5 ) ) ( ( 7 3 : ( 5&M. Sebastian Chief General Manager, ( ; ,,,3 3 3 < ) ) + ( = 3 3 2 INDEXPART I--------------------------------------- ---------------------------------------- ---------------------------------------- ---4 INTRODUCTION---------------------------- ---------------------------------------- ---------------------------------------- --4 PART II-------------------------------------- ---------------------------------------- ---------------------------------------- ---6 EXPORT OF GOODS AND SERVICES-------------------------------- ---------------------------------------- ----------------6 SECTION A: GENERAL--------------------------------- ---------------------------------------- -----------------------------6 3$ % ) ) ( !))))))))))

2 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!> 32 ( (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!> 3/ (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!0 3 " ? 5 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!0 3 @ * ( ( (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!4 3> ( 5 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!4(I) Foreign Currency Account--------------------------------- ---------------------------------------- --------------------------- 8(II) Diamond Dollar Account ---------------------------------------- ---------------------------------------- -------------------- 9(III) Exchange Earners Foreign Currency (EEFC) Account ---------------------------------------- ------------------------ 9 30 A ( ) ) B ( + ?)))))))

3 5 + ( ( (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!! $# 34 !% ) !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!! $$ 31 * )( C ( & D & !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!! $2 3$# * + !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $2 3 $$ ? 7 ( ) + ( !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!! $/ 3 $2 ) ) % (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!! $/ 3 $/ )( 5 E ( - E(. !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! $/ 3 $" !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!! $"SECTION B GR/ SDF / PP / SOFTEX PROCEDURE------------------------------- ------------------------------- 15 3$ !)))))

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7 !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!! /> 32# ( (!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!! /> 32$ (I C ( !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! />SECTION D REMITTANCES CONNECTED WITH EXPORT---------------------------------- ---------------- 37 3$ 5 (( ( !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!! /0 32 ) ? )(!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! /0 ANNEX-1--------------------------------- ---------------------------------------- ---------------------------------------- ----39 ANNEX-2--------------------------------- ---------------------------------------- ---------------------------------------- ----45 FORMS: -GR, SDF,PP AND SOFTEX---------------------------------- ---------------------------------------- --------- 58 ANNEX- 3 ---------------------------------------- ---------------------------------------- ------------------------------------95 APPENDIX-------------------------------- ---------------------------------------- ---------------------------------------- ---96, ( ; ,,,3 3 3 < ) ) + ( = 3 3 4 Part IIntroduction ) ( ) 5 * % ) - * %.))))

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