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The Reserve Bank of India amends the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015. The Reserve Bank of India removes the requirement for Exchange Control copies of the shipping bills in sub-regulation (C). These regulations take effect on the date of publication in the official Gazette.
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RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001
Notification No. FEMA 23(R)/(1)/2017-RB
June 23, 2017
Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2017
In exercise of the powers conferred by sub-section (3) of Section 7 and sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank of India makes the following amendments in the Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 [ Notification No. FEMA 23(R)/2015-RB dated January 12, 2016 ], namely:
(Jyoti Kumar Pandey) Chief General Manager
Foot Note:- The Principal Regulations were published in the Official Gazette vide G.S.R.No.19 (E) dated January 12, 2016 in Part II, Section 3, sub-Section (i). Published in the Official Gazette of Government of India – Extraordinary – Part-II, Section 3, Sub-Section (i) dated 23.06.2017- G.S.R.No. 635(E)
