RBI/2015-16/248
A.P. (DIR Series) Circular No. 29
November 26, 2015
To,
All Authorised Dealer Category – I Banks
Madam/ Sir
Import of Goods into India – Evidence of Import
Attention of the Authorised Dealers is invited to para A.10.1 of
A.P. (DIR
Series) Circular No. 106 dated June 19, 2003 in terms of which an importer has
to submit as evidence of import, (a) the exchange control copy of the Bill of
Entry for home consumption; (b) the exchange control copy of the Bill of Entry
for warehousing, in the case of 100% Export Oriented Units (EOUs); or (c)
Customs Assessment Certificate or Postal Appraisal Form as declared by the
importer to the Customs Authorities.
- With the establishment of Free Trade Warehousing Zones / SEZ Unit
warehouses, imported goods can be stored therein, for re-export / re-selling
purposes for which Customs Authorities issue Ex-Bond Bill of Entry. AD banks are
advised to consider the Bill of Entry issued by Customs Authorities named as
Ex-Bond Bill of Entry or by any other similar nomenclature, as evidence for
physical import of goods.
- Further, in cases where goods have been imported through couriers, the
Courier Bill of Entry, as declared by the courier companies to the Customs
Authorities, may also be considered as evidence of import of goods.
- Authorised Dealers may bring the contents of this circular to the notice of
their constituents concerned.
- The directions contained in this circular have been issued under section
10(4) and 11(1) of the FEMA, 1999 (42 of 1999) and are without prejudice to
permissions/ approvals, if any, required under any other law.
Yours faithfully,
(A K Pandey)
Chief General Manager
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