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of <h1>Exporters Must Declare Full Value and Ensure Timely Foreign Exchange Repatriation Under Regulation 3 of FEMA Export Rules</h1> Regulation 3 of the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 mandates exporters to submit a declaration to the specified authority when exporting goods or software outside India (excluding Nepal and Bhutan). The declaration must include the full export value or expected market value, affirming that the export proceeds will be paid within the specified period. Services without applicable forms can be exported without a declaration, but the exporter must realize and repatriate foreign exchange in accordance with the Act.
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