NTF. NO. FEMA 116/2004-RB*, DT. 25/03/2004
- Document type
- Circular
- Dated
- Category
- Notifications Under FEMA
Declaration Limit-Limit Raised to US $ 25000 from Rs. 25000 & Gifts Value Raised to Rs. 5 Lakh from Rs. One Lakh
Declaration Limit-Limit Raised to US $ 25000 from Rs. 25000 & Gifts Value Raised to Rs. 5 Lakh from Rs. One Lakh
1. Short title and commencement:
(i) These Regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2004.
(ii) They shall come into force on the date of their publication in the Official Gazette.
2. Amendment to the Regulations:
In the Foreign Exchange Management (Export of Goods and Service) Regulations, 2000 in Regulation 4, the following amendments shall be made, namely:
(i) in clause (d), for the words twenty five thousand rupees in value the words twenty five thousand USD in value shall be substituted,
(ii) in clause (e), for the words one lakh rupees in value the words five lakh rupees in value shall be substituted.
Sd/-
Shyamala Gopinath
Executive Director
Foot Note: The Principal Regulations were published in the Official Gazette vide No. G.S.R. 409(E) dated May 3, 2000 in Part II, Section 3, Sub-section (i) and subsequently amended vide Nos. G.S.R. 199(E) dated February 27, 2001, 473(E) dated April 1, 2002, 773(E) dated August 27, 2003 and 900(E) dated October 29, 2003.
(Please refer CUS CIR NO. 53/2004 DATE 13/10/2004 - Waiver of filing GR forms for exports of value below US $ 25,000 under Foreign Exchange Management Regulations)