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of <h1>SEZ units lose exemption from export value realization and repatriation requirements under amended FEMA regulations</h1> The Reserve Bank of India amended the Foreign Exchange Management (Export of Goods & Services) Regulations, 2000 through notification dated April 25, 2013. The amendment removes the exemption previously granted to Special Economic Zone units from the requirement to realize and repatriate full export value of goods or software within stipulated time periods. This change makes SEZ exporters subject to the same realization and repatriation requirements as other exporters under FEMA regulations.
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