Project export approvals broadened: authorised banks may grant post award clearances without monetary limits under revised PEM guidance. Reserve Bank revised project and service export procedures allowing Authorised Dealers and Exim Bank to grant post award approvals without monetary limits, eliminating the Working Group requirement and removing the mandatory time limit for submission of post award approval forms; the revised PEM prescribes procedural safeguards, monitoring, reporting, security and facility conditions and confirms continued applicability of FEMA rules and ECGC/Exim Bank participation requirements.