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Facilities for Exporters and Importers
Which two regulators control cross-border trade from India?
DGFT controls physical movement; RBI controls payment through FEMA 1999.
What is IEC and who issues it?
Importer-Exporter Code issued by DGFT; mandatory registration for all traders.
Within how many days must export documents be submitted to Authorised Dealer?
21 days from date of shipment for collection, purchase, discount or negotiation.
Name four acceptable methods of payment for export proceeds.
Bank draft, foreign currency notes, traveller's cheques, FCNR/NRE account transfers.
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