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of <h1>RBI Updates FEMA Rules: New Provisions for SEZs, Software Exports, and Repatriation of Export Proceeds under Notification No. FEMA 36/2001-RB.</h1> The Reserve Bank of India issued Notification No. FEMA 36/2001-RB, amending the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000. Key changes include the inclusion of Electronic Hardware and Software Technology Parks in Regulation 4, and provisions for re-export by Special Economic Zones. New clauses allow for goods sent abroad for testing or repair to be re-imported, and exports permitted by the Reserve Bank under specific conditions. Regulation 6 now requires the submission of Form SOFTEX for software exports. Regulation 9 mandates the repatriation of export proceeds within twelve months, with possible extensions by the Reserve Bank.
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