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Revisionary jurisdiction under section 263 upheld; faceless assessments subject to revision when AO fails requisite enquiries, remitted for fresh asse...
The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
The RBI amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2015 by reducing the time limit in Regulation 9 for realisation and repatriation-related requirements from fifteen months to nine months in sub-regulation (1) and clause (a) of sub-regulation (2). The amendment is titled the Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026 and takes effect on publication in the Official Gazette.
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