FEMA – 114/2004 – Dated:- 13-3-2004 – Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2004 RESERVE BANK OF INDIA(FOREIGN EXCHANGE DEPARTMENT)(CENTRAL OFFICE) G.S.R.279(E) dated April 23, 2004 – Part II – Section 3 – Sub-section (i) Notification No.FEMA.114/2004-RB dated 13 March , 2004 In exercise of the powers conferred by clause (a) of sub-section (1) and sub-section (3) of Section 7, 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 3rd May 2000, as amended from time to time, the Reserve Bank of India makes the following amendment in the Foreign Exchange Management (Export of Goods and Serv
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withheld or may be given subject to such conditions as may be specified by the Reserve Bank by directions issued from time to time. (ii) for sub-regulation (2), the following shall be substituted, namely : (2) No direction under sub-regulation (1) shall be given by the Reserve Bank and no approval under clause (b) of that sub-regulation shall be withheld by the Authorised Dealer, unless the exporter has been given a reasonable opportunity to make a representation in the matter. Shyamala GopinathExecutive Director Foot Note :The Principal Regulations were published in the Official Gazette vide G.S.R.No.409(E) dated May 3, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide a) G.S.R.No.199(E) dated February 27, 2001, b)
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