Amended notification of the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 (dated – 10.09.2021) – Foreign Exchange Department
View PdfAmended notification of the Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2021 (dated – 10.09.2021) – Foreign Exchange Department
- This notification has come into effect from 10.09.2021
- In the Principal Regulations, in Regulation 15, in sub-regulation 1, for clause (ii), the following shall be substituted, namely: –
- “ii) the rate of interest, if any, payable on the advance payment shall not exceed 100 basis points above the London Inter-Bank Offered Rate (LIBOR) or other applicable benchmark as may be directed by the Reserve Bank, as the case may be; and”.
