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AD banks have been allowed to regularise cases of dispatch of shipping documents by the exporter direct to the consignee or his agent resident in the country of the final destination of goods, up to USD 1 million or its equivalent per export shipment. With a view to simplify the procedure, RBI has decided to do away with the limit of USD 1 million per export shipment.AD banks have been allowed to regularise cases of dispatch of shipping documents by the exporter direct to the consignee or his agent resident in the country of the final destination of goods, up to USD 1 million or its equivalent per export shipment. With a view to simplify the procedure, RBI has decided to do away with the limit of USD 1 million per export shipment.taxmann.com Latest Statutory HappeningsRead More