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Despatch of Goods not Involving Foreign Exchange
The despatch of certain goods does not involve foreign exchange, for example, Gift parcels. In this case, GRPP form is not applicable to exports by air freight and post parcel. Authorise dealers should certify that the exports do not involve any transaction in foreign exchange.
This can be done in following cases:
i) Export is made by post parcel or air-freight
ii) Authorised dealer is satisfied that the export does not involve any transaction in foreign exchange and
iii) the value of shipment does not exceed Rs.25,000
Denomination of Export Contracts: All export contracts and invoices shall be denominated in freely convertible currency and export proceeds shall be realised in freely convertible
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Permitted Methods : Export payment must be received in a currency appropriate to the country of final place of destination of the goods as declared on GR. etc., forms. Reserve Ran
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Sales Tax Exemption : Purchase of goods meant for exports are exempted from sales tax including Central Sales Tax. However, the purchaser of goods has to be a registered dealer fo
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