What are the RBI guidelines on Evidence of Imports and follow-up?
A. Import of goods value exceeding USD 100,000: i. In case of all imports, where value of foreign exchange remitted/paid for import into India exceeds USD 100,000 or its equivalent, it is obligatory on the part of the authorised dealers through whom the relative remittance was made, to ensure that the importer submits :- a. the Exchange Control copy of the Bill of Entry for home consumption, or b. in case of 100% Export Oriented Units the Exchange Control copy of the Bill of Entry for warehousing, or c. Customs Assessment Certificate or Postal Appraisal Form, as declared by the importer to the Customs Authorities, where import has been made by post, as an evidence that the goods for which the payment was made have actually been imported into India. ii. Where imports are made in non-physical form, i.e., software or data through internet/datacom channels and drawings and designs through e-mail/fax, a certificate from a Chartered Accountant that the software/data/ drawing/ design has been
