RBI amended Foreign Exchange Management (Foreign Currency ...

Resident exporters can now open foreign currency accounts abroad.

January 16, 2025

Notifications FEMA

RBI amended Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) Regulations, 2015 to allow resident exporters to open, hold and maintain foreign currency accounts outside India for realization of full export value and advance remittances. Funds can be utilized for import payments or repatriated to India within next month after adjusting forward commitments, subject to export realization and repatriation norms under FEMA Export Regulations, 2015.

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RBI amended Foreign Exchange Management (Foreign Currency ...

Resident exporters can now open foreign currency accounts abroad.

January 16, 2025

Notifications FEMA

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