LIBERALISATION IN DIRECT DISPATCH OF SHIPPING DOCUMENTS
It has been decided to allow AD Category - I banks, to regularize cases of dispatch of shipping
documents by the exporter direct to the consignee or his agent resident in the country of the final destination of goods, up to USD 1 million or its equivalent, per export shipment, subject to the following conditions:
documents by the exporter direct to the consignee or his agent resident in the country of the final destination of goods, up to USD 1 million or its equivalent, per export shipment, subject to the following conditions:
- The export proceeds have been realized in full.
- The exporter is a regular customer of bank for a period of at least six months.
- KYC / AML guidelines.
- Bonafides of the transaction.
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