RBI/2013-14/325
A.P. (DIR Series) Circular No. 62
October 14, 2013
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Closing of Old Outstanding Bills:
Export-Follow-up –XOS Statements
Attention of Authorized Dealer Category – I (AD Category – I) banks is invited
to
A. P. (DIR Series) Circular No. 12 dated September 9, 2000 in terms of which
AD Category – I banks are required to furnish to the Regional Office concerned
of the Reserve Bank, a consolidated statement in Form XOS giving details of all
export bills outstanding beyond six months from the date of export on a half
yearly basis as at the end of June and December every year.
- On a review, it has been decided that an old export bill may be closed by AD
banks as a one time measure, provided that the case is not subject matter of any
pending civil suit /criminal suit ; the exporter has not come to the adverse
notice of the Directorate of Enforcement (DoE) / Central Bureau of Investigation
(CBI)/Directorate of Revenue Intelligence (DRI) /any such other law enforcement
agency; has no externalisation problems with the export recipient countries and
the export bill falls under following categories:
With ceiling of USD 1, 00,000 and outstanding beyond 15 years as on December
31,2012
With ceiling of USD 50,000 and outstanding for more than 5 years as on December
31, 2012, where customers not traceable subject to proof of non traceability
from competent authority and under bank’s internal boards approved policy.
- Report of closed cases should be submitted to concerned Regional Offices of
Reserve Bank of India by AD banks in an excel sheet as per the format given in
Annex.
- After closing of cases, there will be no further follow up by ADs and these
outstanding bills will not be reported in future Export Outstanding Statements
(XOS).
- The directions contained in this circular have been issued under sections
10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of
1999) and is without prejudice to permissions / approvals, if any, required
under any other law.
Yours faithfully,
(C.D Srinivasan)
Chief General Manager
Annex
Format for submitting of Export Outstanding data
*M-Mandatory, O-Optional
| S.No. |
Field |
Type |
Width |
M/O* |
Remarks |
| 1 |
AD code of the bank |
Varchar |
7 |
M |
|
| 2 |
Imp/Exp code No. |
Varchar |
10 |
M |
|
| 3 |
Name of the Exporter |
Varchar |
40 |
M |
|
| 4 |
Exporter’s address Line 1 |
Varchar |
50 |
O |
|
| 5 |
Exporter’s address Line 2 |
Varchar |
50 |
O |
|
| 6 |
City |
Varchar |
30 |
O |
|
| 7 |
Pin code |
Varchar |
6 |
O |
|
| 8 |
Export under GR/SDF |
Varchar |
6 |
M |
Values: GR/SDF/SOFTEX |
| 9 |
Export bill no |
Varchar |
20 |
M |
|
| 10 |
Export bill date |
Date |
10 |
M |
|
| 11 |
Port code |
Varchar |
15 |
M |
|
| 12 |
Shipping bill no |
Varchar |
10 |
M |
|
| 13 |
Shipping bill date |
Date |
10 |
M |
|
| 14 |
GR/PP/SDF no. |
Varchar |
15 |
M |
|
| 15 |
Date of Export |
Date |
10 |
M |
|
| 16 |
Due date of realization |
Date |
10 |
M |
|
| 17 |
Extension Granted |
Varchar |
1 |
M |
|
| 18 |
Extn. granting authority |
Varchar |
4 |
O |
Is extension granted: Yes/No |
| 19 |
Extn granted up to |
Date |
10 |
O |
Mandatory, if extension granted is yes |
| 20 |
Country of Export |
Varchar |
2 |
M |
|
| 21 |
Commodity |
Varchar |
3 |
M |
|
| 22 |
Invoice Currency |
Varchar |
3 |
M |
|
| 23 |
Invoice Amount (FC) |
Numeric |
15 |
M |
|
| 24 |
Invoice Amount (INR) |
Numeric |
15 |
M |
|
| 25 |
Realized currency |
Varchar |
3 |
M |
|
| 26 |
Realized Amount (INR) |
Numeric |
15 |
M |
|
| 27 |
Out-standing Amt. (INR) |
Numeric |
15 |
M |
|
| 28 |
Overseas Buyer Name |
Varchar |
40 |
M |
|
| 29 |
Overseas Buyer address1 |
Varchar |
35 |
O |
|
| 30 |
Overseas Buyer address2 |
Varchar |
35 |
O |
|
| 31 |
Overseas Buyer Country |
Varchar |
20 |
O |
|
| 32 |
Overseas Buyer Pin code |
Varchar |
10 |
O |
|
| 33 |
Bill Realized? (Y/N) |
Varchar |
1 |
O |
|
| 34 |
Realization date |
Date |
10 |
O |
|
| 35 |
Remark if any |
Varchar |
35 |
O |
|