Exemption from Declarations – Goods sent for testing abroad subject to re-import – instructions reg

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....ct: Exemption from Declarations – Goods sent for testing abroad subject to re-import – instructions reg.             I am directed to state that Reserve Bank of India, vide regulation 4(k) of Notification No.FEMA 36/2001-RB, dated the 27^th February, 2001, waived the requirement of declaration on GR form in respect of goods sent outside....

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...., 1999 (42 of 1999) and in partial modification of its Notification No. FEMA 23/2000-RB dated 3^rd May 2000, Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 as amended from time to time, namely:- 1. (i) These Regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Amendme....

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....lauses shall be inserted, namely:- "(k) goods sent outside India for testing subject to re-import into India; (l) defective goods sent outside India for repair and re-import provided the goods are accompanied by a certificate from an authorized dealer in India that the export is for repair and re-import and that the export does not involve any transaction in foreign exchange; (m) exports ....

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.... sub-regulation (1) as so numbered, the following sub-regulation shall be inserted, namely:- "(2) (a) Where the export of goods or software has been made by a unit situated in a Special Economic Zone, then notwithstanding anything contained in sub-regulation (1), the amount representing the full export value of goods or software shall be realized and repatriated to India within twelve months fr....