What is GR Waiver under FEMA



Please explain Waiver of GR, why it is issued and required??

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Chartered Accountant

Dear Mr Khaneja,

  • 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.

Exemption from filing GR form by the exporters: In case your material was imported free of cost on re-export basis, you can avail of the exemption facility from filing GR. Refer to Regulation 4 of the Foreign Exchange Management (Export of goods and services) Regulations 2000 and Master circular no. 9/2007 issued by RBI.

  • 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.

  • In case you have not made any payment to your parent company towards the value of imported goods, you need not realise the export proceeds out of the re-export of the imported goods. 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, PP and Softex form and its waiver.


Abhishek Gupta

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