RBI demands Performance from Exporters receiving advances – 16/02/2015

RBI/2014-15/461 A. P. (DIR Series) Circular No.74 issued by the Reserve Bank of India (RBI) on February 9, 2015 targets at timely performance of export obligations by Indian exporters requiring authorised dealers to undertake follow up to ensure that shipments of export consignments for which advance payments (with or without interest) have been received from buyers outside India take place.

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