https://www.taxtmi.com/acts?id=20355 Regulation empowers the Reserve Bank to direct persons who sold, are entitled to sell, or can procure sale of exported goods or software to secure payment if the specified payment period has expired without receipt. Directions may secure payment for sold items, secure sale and payment where not sold, or require reimportation into India as circumstances permit, within a period specified by the Reserve Bank. Omission by the Reserve Bank to give directions does not absolve the person committing the contravention from consequences. en-us Thu, 28 Jan 2016 12:48:42 +0530 Tue, 17 Jun 2025 15:26:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=20355 Regulation empowers the Reserve Bank to direct persons who sold, are entitled to sell, or can procure sale of exported goods or software to secure payment if the specified payment period has expired without receipt. Directions may secure payment for sold items, secure sale and payment where not sold, or require reimportation into India as circumstances permit, within a period specified by the Reserve Bank. Omission by the Reserve Bank to give directions does not absolve the person committing the contravention from consequences. Act-Rules FEMA Thu, 28 Jan 2016 12:48:42 +0530 https://www.taxtmi.com/acts?id=20355