Foreign Exchange Management (Export of Goods & Services) (Second Amendment) Regulations, 2014

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..... gement (Export of Goods Services) (Second Amendment) Regulations, 2014 G.S.R. 434(E). In exercise of the powers conferred by clause (a) of sub-section (1), sub-section (3) of Section 7 and 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 May 3, 2000 as amended from time .....

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..... existing Regulation 18 shall be substituted as follows, namely : 18. Project exports Where an export of goods or services is proposed to be made on deferred payment terms or in execution of a turnkey project or a civil construction contract, the exporter shall, before entering into any such export arrangement, submit the proposal for prior approval of the approving authority, which s .....

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