Project Export Manual
MEMORANDUM PEM
MEMORANDUM OF INSTRUCTIONS ON
PROJECT & SERVICE EXPORTS
RESERVE BANK OF INDIA
October 2003
1
Preface
Regulations relating to 'Project Exports' and 'Service Exports' were issued in a booklet form in March 1994. Subsequently, an updated version was published in May 1997. With the introduction of Foreign Exchange Management Act,1999 (42 of 1999), suitable changes have been made in the provisions of Memo. PEM . The directions contained in this Memo. PEM. have been issued under Section 10 (4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) .
GRACE KOSHIE Chief General Manager
Reserve Bank of India,
Exchange Control Department,
Central Office,
Mumbai 400 001.
OCTOBER 2003
Contents
Page No.
Memorandum PEM 4
Annexure I List of goods in respect of which commercial export 29 credit may be offered by Indian exporters
Annexure II Standard conditions to be stipulated by Exim Bank/ 33 authorised dealers for various facilities at the time of conveying post award approval for projects / service contracts.
Annexure AB Quarterly statement showing value of shipments 39 effected and advance / deferred instalments received in respect of exports under Deferred Payment Arrangements
Annexure III Conditions subject to which remittance of agency 40 commission in respect of pure supply contracts may be effected by authorised dealers.
Forms
DPX
MEMORANDUM OF INSTRUCTIONS ON
PROJECT & SERVICE EXPORTS
RESERVE BANK OF INDIA
October 2003
1
Preface
Regulations relating to 'Project Exports' and 'Service Exports' were issued in a booklet form in March 1994. Subsequently, an updated version was published in May 1997. With the introduction of Foreign Exchange Management Act,1999 (42 of 1999), suitable changes have been made in the provisions of Memo. PEM . The directions contained in this Memo. PEM. have been issued under Section 10 (4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) .
GRACE KOSHIE Chief General Manager
Reserve Bank of India,
Exchange Control Department,
Central Office,
Mumbai 400 001.
OCTOBER 2003
Contents
Page No.
Memorandum PEM 4
Annexure I List of goods in respect of which commercial export 29 credit may be offered by Indian exporters
Annexure II Standard conditions to be stipulated by Exim Bank/ 33 authorised dealers for various facilities at the time of conveying post award approval for projects / service contracts.
Annexure AB Quarterly statement showing value of shipments 39 effected and advance / deferred instalments received in respect of exports under Deferred Payment Arrangements
Annexure III Conditions subject to which remittance of agency 40 commission in respect of pure supply contracts may be effected by authorised dealers.
Forms
DPX