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Export of Goods and Services

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..... ction 3, Sub-Section (i) dated 21.03.2001 - G.S.R. No.199(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 3rd May 2000, Reserve Bank of India makes the following amendments in th .....

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..... in Special Economic Zones, under intimation to the Development Commissioner of Special Economic Zones / concerned Assistant Commissioner or Deputy Commissioner of Customs,' (c) after clause (j), the following clauses 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 .....

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..... or Export Processing Zones (EPZs) or Special Economic Zones (SEZs) in India.' (iii) in Regulation 9 of the said Regulations, (a) the existing Regulation shall be numbered as '(I)'; (b) after sub-regulation (I) 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 .....

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