Foreign Exchange Management (Export of Goods and Services) (Amendment) Regulations, 2004
114/2004 Dated:- 13-3-2004 Foreign Exchange Management
FEMA
Foreign Exchange Management Act
FEMA
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
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ration to be furnished to the specified authority shall be submitted to the authorised dealer for its prior approval, which may, having regard to the circumstances, be given or 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 Gopinath
Executive Director
Foot Note :The Principal Regulations were publ
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