Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003 - 107/2003 - Foreign Exchange Management

Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003 RESERVE BANK OF INDIA EXCHANGE CONTROL DEPARTMENT CENTRAL OFFICE MUMBAI 400 001 Notification No.FEMA.107/2003-RB dated October 29, 2003 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 22.11.2003 - G.S.R. No. 900(E) In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section 7, sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of its Notification No.FEMA.23/2000-RB dated 3 rd May 2000, the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, namely : 1. Short title and commencement (i) These Regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2003. (ii) They shall come into force from the date of their publication in the Official Gazette of Government of India. 2. Amendment to the Regulations In the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, in Regulation 6, the sub-regulation 'D' shall be substituted with the following, namely; 'D. Duplicate Declaration Forms to be retained with Authorised Dealers On the realisation of the export proceeds, the duplicate copies of export declaration forms viz. GR, PP and SOFTEX and Exchange Control copies of the shipping bills together with related Statutory Declaration Forms shall be retained by the Authorised Dealers.' ( Usha Thorat ) Executive Director G.S.R.No.900(E) dated 22.11.2003 Foot-note : The Principal Regulations were published in the official gazette vide G.S.R. No. 409(E) dated May 8, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide G.S.R. No. 199(E) dated March 21, 2001, G.S.R. No. 473(E) dated July 8, 2002 and G.S.R. No. 773(E) dated September 29, 2003.' That as rectified and modified as aforesaid, the Principal Regulations shall remain in full force and effect. G.S.R. No. 798(E)/07.12.2004