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Querist : Anonymous

Querist : Anonymous (Querist)

18 March 2010 what is difference between GR and SDF form?

Rasesh

Rasesh (Expert)
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18 March 2010 GR stands for "Guaranteed Remittance" Form, which is prescribed by RBI in case of export of goods and services under cause (a) of sub-section (3) of section 7, subsection (20 of section 47 of FEMA, 1999.

In case of processing export documents through EDI system, Statutory Declaration Form (SDF) is to be filed instead of GR form, which is meant for processing documents manually.

GR form is a mandatory RBI form in which the exporter has to declare an undertaking to realise the export proceeds on the due date.

You may refer to part III of the Master circular no. 9/2007- cus dated 1-7-2008 dealing with operational guidelines for AD Banks for more details on GR/SDF.

Querist : Anonymous

Querist : Anonymous (Querist)

19 March 2010 dear experts,

according you, GR form is a mandatory RBI form in which the exporter has to declare an undertaking to realise the export proceeds on the due date.

therefore "sdf form" is mandatory or not and under which scheme?

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