Foreign exchange regulations update requires authorised dealers to adopt revised export compliance obligations under FEMA. The circular notifies adoption of the Foreign Exchange Management (Exports of Goods and Services) Regulations, 2015, repealing and superseding the prior 2000 Regulations, directs Authorised Dealers to follow detailed annexed directions for dealings with exporters, and records that the Master Direction on exports has been updated; the directions are issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999 and do not affect other statutory permissions.