The central bank amended the Export of Goods and Services regulations, effective on Gazette publication, extending timelines: Regulation 9's export realisation period is increased from nine to fifteen months; Regulation 15's time limits are expanded from one year to three years for the specified clauses, proviso and sub-regulation. The amendments invoke powers under the Foreign Exchange Management Act and modify the principal 2015 regulations as part of ongoing regulatory updates.
The central bank amended the Export of Goods and Services regulations, effective on Gazette publication, extending timelines: Regulation 9's export realisation period is increased from nine to fifteen months; Regulation 15's time limits are expanded from one year to three years for the specified clauses, proviso and sub-regulation. The amendments invoke powers under the Foreign Exchange Management Act and modify the principal 2015 regulations as part of ongoing regulatory updates.
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