FEM (EXPORT OF GOODS & SERVICES) (AMENDMENT) REGULATIONS, 2014 - AMENDMENT IN REGULATIONS 9 AND 10
NOTIFICATION [NO.FEMA 302/2014-RB]/GSR 362(E), DATED 28-4-2014
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 vide Notification No. FEMA 176/2008-RB dated July 23, 2008, Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, as amended from time to time, namely:
Short Title and Commencement
1. (i) These Regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2014.
(ii) They shall deemed to have come into force on the 1st day of April, 2013.@
Amendment to the Regulations
2. In the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 (Notification No. FEMA 23/2000-RB dated May 3, 2000) (hereinafter called "the principal regulations"), the following amendments shall be made, namely:—
| (I) | in Regulation 9, in sub-regulation (1), |
| (a) | for the words "twelve months", the words "nine months" shall be substituted. | |
| (b) | in the third proviso, for the words "twelve months", the words "nine months" shall be substituted. |
| (II) | in Regulation 10, for the words "twelve months", the words "nine months" shall be substituted. |
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Regards
Prarthana Jalan
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