Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2004

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..... t II - Section 3 - Sub-section (i) Notification No.FEMA.114/2004-RB dated 13 March , 2004 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, as amended from time to time .....

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..... s prior approval, which may, having regard to the circumstances, be given or withheld or may be given subject to such conditions as may be specified by the Reserve Bank by directions issued from time to time.' (ii) for sub-regulation (2), the following shall be substituted, namely : '(2) No direction under sub-regulation (1) shall be given by the Reserve Bank and no approval under clause (b) of .....

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