Dispensing with SDF Form

HEPC/Policy/SDF/2015-16

16.6.2015

To,

All members / Associations,

Sir / Madam,

Sub : Dispensing with SDF Form reg.

Department of Revenue (Central Board of Excise and Customs) has informed that as per the extant provisions, an exporter is required to submit the SDF form along with shipping bills for export of goods. RBI has recently dispensed with the SDF in case of exports taking place through the EDI ports vide Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2015 and A.P. (Dir series) Circular No.101, dated 14.05.2015. Consequently, RBI has desired that the declaration of foreign exchange remittance under the Foreign Exchange Management Act, 1999 (given below) may be made a part of the shipping bill.

a�?I/We undertake to abide by provisions of Foreign Exchange Management Act, 1999, as amended from time to time, including realization / repatriation of foreign exchange to / from India.a�?

DGFT has endorsed this proposal.

Accordingly, Board has issued Notification No.46/2015-customs (N.T.) dt.18.05.2015 to incorporate the aforementioned declaration in lieu of SDF form in the shipping bill. Thus, declaration as mentioned in para 2 above should be furnished by exporters as part of the declaration in the shipping bill with immediate effect.

All members are requested to kindly make note of the above. For more details, members may kindly refer Circular no. 15/2015-Cutoms dt.18.05.2015.

Thanking you,

Yours faithfully,

Sd/-

R.Anand,
Executive Director