Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2020 - FEMA 23(R)/(3)/2020-RB - Foreign Exchange Management

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Export repatriation period expanded: RBI may specify timelines in consultation with Government for export realisation. The amendment replaces fixed repatriation timelines in Regulation 9 by empowering the Reserve Bank, in consultation with the Government, to specify from time to time the period within which export proceeds must be realised and repatriated; subsequent references to the prior fixed durations are replaced with the term said period.

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Provisions expressly mentioned in the judgment/order text.

Export repatriation period expanded: RBI may specify timelines in consultation with Government for export realisation.

The amendment replaces fixed repatriation timelines in Regulation 9 by empowering the Reserve Bank, in consultation with the Government, to specify from time to time the period within which export proceeds must be realised and repatriated; subsequent references to the prior fixed durations are replaced with the term said period.

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Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2020 - FEMA 23(R)/(3)/2020-RB - Foreign Exchange Management

Export repatriation period expanded: RBI may specify timelines in consultation with Government for export realisation.

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Export repatriation period expanded: RBI may specify timelines in consultation with Government for export realisation.

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