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Regulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 – DRAFT REGULATIONS AND DIRECTIONS

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....egulation of Foreign Trade under Foreign Exchange Management Act (FEMA), 1999 – DRAFT REGULATIONS AND DIRECTIONS <br>News and Press Release<br>Dated:- 2-7-2024<br><BR>Over the years, the Reserve Ban....

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....k has been progressively liberalising policies governing foreign exchange transactions, under FEMA, 1999. In continuation of these efforts, as announced in the Statement on Developmental and Regulator....

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....y Policies of June 2024, it has been decided to rationalise regulations that cover export and import transactions. The proposed regulations are intended to promote ease of doing business, especially f....

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....or small exporters and importers. They are also intended to empower Authorised Dealer banks to provide quicker and more efficient service to their foreign exchange customers. The draft regulations un....

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....der FEMA and directions to Authorised Dealer banks are available for public response. Comments/feedback on the draft proposals (regulations as well as directions) may be forwarded via email by Septem....

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....ber 01, 2024, with the subject line &quot;Feedback on draft regulations and directions on export and import under FEMA&quot;. (Puneet Pancholy) Chief General Manager<BR> News - Press release - PIB....

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