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of <h1>RBI Amends Forex Rules: Export of Goods as Gifts Value Limit Raised from Rs. 1 Lakh to Rs. 5 Lakh Annually.</h1> The Reserve Bank of India has amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, to liberalize the export of goods by way of gifts. The permissible value for such exports has been increased from one lakh rupees to five lakh rupees per annum. This change is effective immediately, and authorized dealers are instructed to inform their relevant constituents. The directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999. Necessary amendments to the regulations will be notified separately.
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