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    <title>FOREIGN EXCHANGE MANAGEMENT (EXPORT OF GOODS &amp; SERVICES) REGULATIONS, 2015 – AN OVERVIEW</title>
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    <description>The Regulations define export and export value, require prescribed export declarations (EDF/EDR and SOFTEX) supported by evidence of residency, destination and full or expected export value, and mandate forwarding authenticated declarations to RBI. Certain exports require prior approval and specified exports are exempted from declarations. Export proceeds must be realized and repatriated within prescribed timeframes, with RBI empowered to extend periods and to direct measures to secure delayed payments. Advance payment, interest, document routing, and project-export approvals are subject to specified conditions and RBI directions.</description>
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