CA NeWs Beta*: DISCONTINUATION OF SUPPLYING PRINTED GR FORMS BY RESERVE BANK

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Saturday, March 31, 2012

DISCONTINUATION OF SUPPLYING PRINTED GR FORMS BY RESERVE BANK

DISCONTINUATION OF SUPPLYING PRINTED GR FORMS BY RESERVE BANK
A. P. (DIR SERIES 2011-12) CIRCULAR NO. 98, DATED 30-3-2012

Attention of Authorised Dealer Category - I banks is invited to A.P. (DIR Series) Circular No. 60 dated March 26, 2009, in terms of which GR forms were made available on-line on the Reserve Bank's website www.rbi.org.in. The facility of purchasing printed GR forms from the Regional Offices of Reserve Bank was also allowed to continue for one year.
2. With the advent of technology and penetration of internet access, the need for printing and supplying of GR forms by Reserve Bank does not exist any more. It has therefore, been decided to discontinue supplying/selling printed GR forms across the counter by Regional Offices of Reserve Bank. Therefore, with effect from July 1, 2012, GR forms shall be available only online at Reserve Bank's website www.rbi.org.in at the following link:
"Notification-> FEMA -> Forms -> For Printing of GR Form"
3. While downloading the GR forms, the exporter may ensure to use 'Legal' size paper i.e. 8.5 * 14 inches. Further, both the printer (printing preference) and paper size in the page setup option have to be set to legal size before printing. The GR number will be automatically allotted when the document goes to the print queue.
4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
5. The directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.

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