Understanding the Key Changes in RBI's Draft on Foreign Exchange Management Regulations
Friday, 12 July 2024, 04:16
RBI Draft on Foreign Exchange Management Regulations
The recent draft by RBI brings in key changes to the Foreign Exchange Management Regulations, with a focus on export-import norms.
Clarity on Services
The draft aims to address the lack of clarity in the existing regulations regarding the export of services.
- Applicability to Services: The draft clarifies the regulations concerning the export of services.
- Partner's Insight: Anish Shah of BDO India provides valuable perspective on the implications of the draft.
Overall, the draft intends to simplify the process for businesses engaged in export-import activities.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.