Export of Goods and Services – Project Exports

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..... 3rd May 2000 viz. Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 in terms of which export of goods or services on deferred payment terms or in execution of a turnkey project or a civil construction contract requires prior approval of the approving authority, which shall consider the proposal in accordance with the guidelines issued by the Reserve Bank from time to .....

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..... xim Bank/ Working Group has been dispensed with. However, submission of these forms to ECGC and Exim Bank where their participatory interests by way of funded / non-funded facilities, insurance /risk cover, etc. are involved shall continue. 2. To further liberalise and simplify the procedure, it has been decided as under: i) The structure of Working Group (consisting of representatives from .....

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..... -1 /TCS-1 to the Approving Authority (AA) for seeking post award approval will not apply henceforth. 3. The revised Memorandum of Instructions on Project and Service Exports (PEM) is enclosed . 4. Reserve Bank has since amended the Principal Regulations through the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2000 notified vide Notification No. .....

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