Master Direction – Export of Goods and Services

Question 1

Export trade is regulated by the …………………………………and its regional offices, functioning under the Ministry of ……………………………….

Answer 1

Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, Department of Commerce, Government of India.

Question 1

Policies and procedures required to be followed for exports from India are announced by the …………………..

Answer 1

DGFT, from time to time

Question 2

It is obligatory on the part of the exporter to realize and repatriate the full value of goods /software / services to India within …………….months from the date of export.

Answer 2

9 months, (During COVID 19 It was fifteen months which was for the exports made up to or on July 31, 2020)

Question 3

For goods exported to a warehouse established outside India, the proceeds shall be realized within …….. months from the date of shipment of goods.

Answer 3

15

Question 4

The facility of Processing of export related receipts through Online Payment Gateway Service Providers (OPGSPs) shall only be available for export of goods and services of value not exceeding…………………………….

Answer 4

USD 10,000

Question 5

Submission of shipping documents by exporters: within ……… days

Answer 5

21