Pharmexcil Web
googleplus youtube Facebook Twitter
Pharmexcil Logo RX INDIA PHARMACEUTICALS EXPORT PROMOTION COUNCIL OF INDIA

Members


Product Categories

Home» Circulars» Important Discussions Decisions About Various Banking Related Issues Back
 
Important discussions / decisions about various Banking related issues
 

 

PxlHeaderLogo

PXL/HO/Cir-012/2017-18                                                                                             16.05.2017

Hyderabad

 

Important discussions / decisions about various Banking related issues

 

 

 

Dear Sir / Madam,

 

We would like to inform the members that there was a meeting convened recently chaired by Secretary, Department of Commerce, Govt. of India, where officials from RBI, DGFT, IBA, FIEO, EPCs etc., have participated, to discuss about various banking related problems faced by the exporters.  Following points were discussed and some important decisions were taken during the meeting:

 

a) Caution list of Exporters by RBI for non-closure  of Export Realizations

b) Dispensing with requirement of Shipping Bill for negotiation of Export Documents

c) Third Party / Third country payments for exports

d) Non-negotiation of documents of shipments transited through Iran

e) Non-handling of export documents pertaining to Sudan and OFAC sanctioned countries

f) Capitalization of export realizations

 

We enclose herewith minutes of the meeting, where details of above discussions and decisions are available.  Members may bring such issues to our notice for taking up with the concerned departments.

 

With regards

 

 

Udaya Bhaskar

Director General

H.O.: 101, Aditya Trade Centre, Ameerpet, Hyderbad-500038
Tel: +91-40-23735462/66, Fax: +91-40-23735464
Email: info@pharmexcil.com Website: www.pharmexcil.com

Disclaimer: The translation into various languages is provided for the benefit of visitors.  Pharmexcil is not responsible for any wrong interpretations/mistakes.
For authenticated information in this site, please contact info@pharmexcil.com
Site visited Free Web Counters
  (From: 21-06-2012)
Copyright © 2009 Pharmexcil. All rights reserved.
Powered by: iBongo Inc