Export of goods by way of gift liberalised; annual declaration threshold increased, easing export gift compliance. The Reserve Bank of India has liberalised the export of goods by way of gift by raising the annual per exporter value ceiling from one lakh rupees to five lakh rupees, effective immediately; formal amendments to the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 will be notified separately and Authorised Dealers are directed to inform their constituents.
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Export of goods by way of gift liberalised; annual declaration threshold increased, easing export gift compliance.
The Reserve Bank of India has liberalised the export of goods by way of gift by raising the annual per exporter value ceiling from one lakh rupees to five lakh rupees, effective immediately; formal amendments to the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 will be notified separately and Authorised Dealers are directed to inform their constituents.
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