Foreign Exchange Management (Export of Goods and Services) (Fourth Amendment) Regulations, 2014.

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..... 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, Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from tim .....

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..... ent (with or without interest), from a buyer outside India, the exporter shall be under an obligation to ensure that-" the words, "Where an exporter receives advance payment (with or without interest), from a buyer/third party named in the export declaration made by the exporter, outside India, the exporter shall be under an obligation to ensure that -" shall be substituted. C. D. .....

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