Export of goods and services
Section 7
FEMA
REGULATION AND MANAGEMENT OF FOREIGN EXCHANGE
Foreign Exchange Management Act, 1999
Export of goods and services.
7. (1) Every exporter of goods shall-
(a) furnish to the Reserve Bank or to such other authority a declaration in such form and in such manner as may be specified, containing true and correct material particulars, including the amount representing the full export value or, if the full export value of the goods is not ascertainable at the time of export, the value which the exporter, having regard to the prevailing market conditions, expects to receive on the sale of the goods in a market outside India;
(b) furnish to the Reserve Bank such other information as may be
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