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Export of Goods and Services Project Exports

FEMA - 39 - Dated:- 14-1-2016 - RBI/2015-16/287 A.P. (DIR Series) Circular No. 39 January 14, 2016 To All Category - I Authorised Dealer Banks Madam/ Sir, Export of Goods and Services - Project Exports Attention of Authorised Dealers is invited to Regulation 18 of Notification No. FEMA 23/2000-RB dated 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 .....

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and deferred service exports proposals for contracts exceeding USD 100 Million in value has been dispensed with and AD banks / Exim Bank have been permitted to consider awarding post-award approvals without any monetary limit and permit subsequent changes in the terms of post award approval within the relevant FEMA guidelines / regulations. Project and service exporters may accordingly approach AD banks / Exim Bank based on their commercial judgment. 2. As it has been advised by the Government .....

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