law: Foreign Exchange Management Act, 1999 
  7. Export of goods and services 
  (1) Every exporter of goods shall; -
  1. furnish to the Reserve
  
  Bank or to such other authority a declaration in such form and in such manner
  
  as may be specified, containing true and correct material particulars,
  
  including the amount representing the full export value or, if the full export
  
  value of the goods is not ascertainable at the time of export, the value which
  
  the exporter, having regard to the prevailing market conditions, expects to
  
  receive on the sale of the goods in a market outside India;
  2. furnish to the
  
  Reserve Bank such other information as may be required by the Reserve Bank for
  
  the purpose of ensuring the realization of the export proceeds by such
  
  exporter.
  (2) The Reserve Bank may, for the purpose of ensuring that the
  
  full export value of the goods or such reduced value of the goods as the Reserve
  
  Bank determines, having regard to the prevailing market conditions, is received
  
  without any delay, direct any exporter to comply with such requirements as it
  
  deems fit.
  (3) Every exporter of services shall furnish to the Reserve Bank
  
  or to such other authorities a declaration in such form and in such manner as
  
  may be specified, containing the true and correct material particulars in
  
  relation to payment for such services.