https://www.taxtmi.com/notifications?id=144227 The amendment adds the International Financial Services Centre definition and allows residents exporting goods or services to open foreign currency accounts with banks outside India, including in an IFSC, for realisation of export value and advance remittances. Funds in these accounts may be used to pay for imports into India or repatriated after adjusting for forward commitments and subject to the export realisation requirements set out in the Export of Goods and Services Regulations; accounts in an IFSC are accorded a longer utilisation and repatriation period than accounts in other jurisdictions. en-us Mon, 06 Oct 2025 00:00:00 +0530 Sat, 11 Oct 2025 13:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/notifications?id=144227 The amendment adds the International Financial Services Centre definition and allows residents exporting goods or services to open foreign currency accounts with banks outside India, including in an IFSC, for realisation of export value and advance remittances. Funds in these accounts may be used to pay for imports into India or repatriated after adjusting for forward commitments and subject to the export realisation requirements set out in the Export of Goods and Services Regulations; accounts in an IFSC are accorded a longer utilisation and repatriation period than accounts in other jurisdictions. Notifications FEMA Mon, 06 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/notifications?id=144227