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Call for Inputs: Draft regulations under the Foreign Exchange Management Act, 1999 (FEMA)
Call for Inputs: Draft regulations under the Foreign Exchange Management Act, 1999 (FEMA)

July 5, 2024

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The Reserve Bank of India (RBI) has recently released draft regulations and directions to rationalise export and import regulations under the Foreign Exchange Management Act, 1999 (FEMA) for public consultation. The proposed regulations are intended to promote ease of doing business, especially for small exporters and importers. They are also intended to empower Authorised Dealer banks to provide quicker and more efficient service to their foreign exchange customers.

In this regard, we request to send us your inputs/ feedback before August 22, 2024 to ananya@nasscom.in and tejasvi@nasscom.in on the proposed draft regulations, particularly highlighting any potential challenges in implementation, opportunities for further improvement, specific concerns related to the IT sector and/ or any other relevant observations. Please share your feedback in the following format:

S.no.

Clause No.

Issue

Suggestion

Rationale

 

 

 

 

 

 

 

 

 

 

 


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