The RBI has released revised draft regulations covering export and import transactions under FEMA to promote ease in doing business. Under the regulations, if an exporter's unrealised proceeds exceed ₹25 crore after two years from due date then further exports may only be made in exchange for full advance payment.The proposed regulations incorporate instructions issued to authorised dealers.
short by
Shristi Acharya /
11:01 pm on
04 Apr