The Reserve Bank has been liberalizing foreign exchange policies under FEMA, 1999. As part of these efforts, new regulations for export and import transactions are proposed to ease business for small exporters and importers and to enable Authorized Dealer banks to offer quicker, more efficient service.

The draft regulations and directions are available for public feedback. Comments may be emailed by September 01, 2024, with the subject line “Feedback on draft regulations and directions on export and import under FEMA”.
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