Begin typing your search above and press return to search.
proflie-avatar
Login
exit_to_app
exit_to_app
Homechevron_rightBusinesschevron_rightRBI introduces new...

RBI introduces new draft regulations to ease export and import

text_fields
bookmark_border
RBI introduces new draft regulations to ease export and import
cancel

Mumbai: The Reserve Bank of India (RBI) has introduced new draft regulations and guidelines to liberalize the rules governing foreign trade transactions. This initiative aims to promote ease of doing business, particularly for small exporters and importers..

The new regulations are also intended to empower Authorised Dealer banks to provide quicker and more efficient service to their foreign exchange customers.

The RBI said the decision to rationalise regulations that cover export and import transactions is a continuation of its efforts to progressively liberalise policies governing foreign exchange transactions under FEMA, 1999.

The RBI said the draft regulations under FEMA and directions to Authorised Dealer banks are available on its website for public response.

Comments on the draft proposals (regulations as well as directions) may be forwarded via email by September 1, 2024, with the subject line 'Feedback on draft regulations and directions on export and import under FEMA', the RBI said.

Source: IANS


Show Full Article
TAGS:RBIexportimportBusiness news
Next Story