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of <h1>CBEC amends Central Excise Rules to extend export benefits to Nepal and Bhutan for transactions in convertible currencies.</h1> The Central Board of Excise and Customs (CBEC) has amended the Central Excise Rules to extend export benefits to Nepal and Bhutan, provided the transactions are conducted in freely convertible currencies. This amendment modifies the previous notification by removing the exclusion of Nepal and Bhutan and stipulates that the benefits apply only when payments are made in specified currencies such as U.S. Dollars, Euros, and others. Additionally, exports to these countries must adhere to conditions outlined in a prior notification from June 26, 2001. These changes aim to facilitate trade with Nepal and Bhutan under specified financial conditions.
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