Notifications - Foreign Exchange Management - আৰবিআই - Reserve Bank of India
notifications
জুন 07, 2004
Exchange Earners' Foreign Currency (EEFC) Account Scheme - Trade Related Loans/Advances - A.P.(DIR Series) Circular No. 94
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 RBI/2004/233 A.P.(DIR Series) Circular No.94 June 7, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Exchange Earners' Foreign Currency(EEFC) Account Scheme – Trade Related Loans/Advances Attention of Authorised Dealers is invited to A.P.(DIR Series) Circulars Nos.78 and 104 dated February 14, 2003 and May 31, 2003 in terms of which, exporters have been permitted to gra
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI-400 001 RBI/2004/233 A.P.(DIR Series) Circular No.94 June 7, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Exchange Earners' Foreign Currency(EEFC) Account Scheme – Trade Related Loans/Advances Attention of Authorised Dealers is invited to A.P.(DIR Series) Circulars Nos.78 and 104 dated February 14, 2003 and May 31, 2003 in terms of which, exporters have been permitted to gra
পিডিএফ (
মে’ 25, 2004
Foreign Exchange Management Regulations, 2000 - Housing Loan in Rupees to NRIs/PIO - A.P.(DIR Series) Circular No. 93
RBI/2004/219A.P.(DIR Series) Circular No. 93 May 25, 2004ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 - Housing Loan in Rupees to NRIs/PIO Attention of Authorised Dealers is invited to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 notified vide Notification No. FEMA 4/2000-RB dated May 3, 2000. In terms of Regulation 8 of the Notification ibi
RBI/2004/219A.P.(DIR Series) Circular No. 93 May 25, 2004ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 - Housing Loan in Rupees to NRIs/PIO Attention of Authorised Dealers is invited to the Foreign Exchange Management (Borrowing and Lending in Rupees) Regulations, 2000 notified vide Notification No. FEMA 4/2000-RB dated May 3, 2000. In terms of Regulation 8 of the Notification ibi
মে’ 19, 2004
Exim Bank's Line of Credit for USD 8 million to Republic Bank, Trinidad and Tabago - A.P.(DIR Series) Circular No.92
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 RBI/2004/208 A.P.(DIR Series) Circular No. 92 May 19, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exim Bank's Line of Credit for USD 8 million to Republic Bank, Trinidad and Tabago The Export-Import Bank of India (Exim Bank) has concluded an agreement with Republic Bank, Trinidad and Tobago making available to the latter a Line of Credit (LOC) upto an aggregate sum of
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI – 400 001 RBI/2004/208 A.P.(DIR Series) Circular No. 92 May 19, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Exim Bank's Line of Credit for USD 8 million to Republic Bank, Trinidad and Tabago The Export-Import Bank of India (Exim Bank) has concluded an agreement with Republic Bank, Trinidad and Tobago making available to the latter a Line of Credit (LOC) upto an aggregate sum of
মে’ 14, 2004
Exim Bank's Line of Credit for USD 10 million to Banque Ouest Africaine De Developpement - A.P.(DIR Series) Circular No.91
Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai - 400 001RBI/2004/198A.P.(DIR Series) Circular No.91 May 14, 2004 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit for USD 10 million (or equivalent Euro) to Banque Ouest Africaine De Developpement (BOAD -West African Development Bank)The Export-Import Bank of India (Exim Bank) has concluded an agreement with Banque Ouest Africaine De Developpement (BOAD- West African
Reserve Bank of IndiaForeign Exchange DepartmentCentral OfficeMumbai - 400 001RBI/2004/198A.P.(DIR Series) Circular No.91 May 14, 2004 ToAll Authorised Dealers in Foreign ExchangeMadam/Sirs,Exim Bank's Line of Credit for USD 10 million (or equivalent Euro) to Banque Ouest Africaine De Developpement (BOAD -West African Development Bank)The Export-Import Bank of India (Exim Bank) has concluded an agreement with Banque Ouest Africaine De Developpement (BOAD- West African
মে’ 03, 2004
Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme - A.P. (DIR Series) Circular No.90
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/2004/188 A.P. (DIR Series) Circular No.90 May 3, 2004 To All Authorised Dealers in Foreign Exchange Sirs / Madam, Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme Attention of Authorised Dealers is invited to Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and subsequent AP (DIR Series) Circulars No.32 dated April 28, 2001, No.16 dated De
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/2004/188 A.P. (DIR Series) Circular No.90 May 3, 2004 To All Authorised Dealers in Foreign Exchange Sirs / Madam, Acquisition of Foreign Securities by Resident Individuals under ESOP Scheme Attention of Authorised Dealers is invited to Regulation 19 of Notification No.FEMA.19/2000-RB dated May 3, 2000 and subsequent AP (DIR Series) Circulars No.32 dated April 28, 2001, No.16 dated De
এপ্ৰিল 24, 2004
Foreign Exchange Management (Deposit) Regulations, 2000 - Acceptance of Deposits - Revised Guidelines - A.P. (DIR Series) Circular No.89
RBI/2004/179A.P. (DIR Series) Circular No.89 April 24, 2004ToAll Authorised Dealers in Foreign ExchangeSir/Madam,Foreign Exchange Management (Deposit) Regulations, 2000 - Acceptance of Deposits - Revised GuidelinesIn terms of Regulation 7 (1) and (2) of the Foreign Exchange Management (Deposit) Regulations, 2000, (issued vide Notification No. FEMA 5/2000-RB dated May 3, 2000) persons other than Authorised Dealers/Authorised Banks are permitted to accept deposits from
RBI/2004/179A.P. (DIR Series) Circular No.89 April 24, 2004ToAll Authorised Dealers in Foreign ExchangeSir/Madam,Foreign Exchange Management (Deposit) Regulations, 2000 - Acceptance of Deposits - Revised GuidelinesIn terms of Regulation 7 (1) and (2) of the Foreign Exchange Management (Deposit) Regulations, 2000, (issued vide Notification No. FEMA 5/2000-RB dated May 3, 2000) persons other than Authorised Dealers/Authorised Banks are permitted to accept deposits from
এপ্ৰিল 22, 2004
Deferred Payment Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR A.P.(DIR Series) Circular No. 88
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001RBI/2004/174 April 22, 2004 A.P. (DIR Series) Circular No.88 To, All Authorised Dealers in Foreign Exchange Madam/Sirs, Deferred Payment Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.59 dated January 19, 2004, wherein the rupee value of the special
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001RBI/2004/174 April 22, 2004 A.P. (DIR Series) Circular No.88 To, All Authorised Dealers in Foreign Exchange Madam/Sirs, Deferred Payment Protocols dated 30th April 1981 and 23rd December 1985 between the Government of India and erstwhile USSR Attention of Authorised Dealers is invited to A.P.(DIR Series) Circular No.59 dated January 19, 2004, wherein the rupee value of the special
এপ্ৰিল 17, 2004
Trade Credits for Imports into India - Review and Simplification - A.P.(DIR Series) Circular No. 87
RBI/2004/154A.P.(DIR Series) Circular No. 87 April 17, 2004ToAll Authorised Dealers in Foreign ExchangeMadam / Sir,Trade Credits for Imports into India – Review and Simplification As Authorised Dealers (ADs) are aware, effective September 27, 2002, ADs have been permitted to approve Short-Term Credit (STC) up to USD 20 million per import transaction for a period less than three years (vide A.P. (DIR Series) Circular No. 25 dated September 27, 2002). STC exceeding USD
RBI/2004/154A.P.(DIR Series) Circular No. 87 April 17, 2004ToAll Authorised Dealers in Foreign ExchangeMadam / Sir,Trade Credits for Imports into India – Review and Simplification As Authorised Dealers (ADs) are aware, effective September 27, 2002, ADs have been permitted to approve Short-Term Credit (STC) up to USD 20 million per import transaction for a period less than three years (vide A.P. (DIR Series) Circular No. 25 dated September 27, 2002). STC exceeding USD
এপ্ৰিল 17, 2004
FEMA 1999 - Current Account Transactions - Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies - A.P (DIR Series) Circular No.86
RBI/2004/ 153 A.P.(DIR Series) Circular No.86 April 17, 2004ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs, FEMA 1999 – Current Account Transactions – Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies Attention of Authorised Dealers is invited to item 7 of Schedule III of Government of India Notification No.GSR.381 (E) dated May 3, 2000 as amended by the Notification No.S.O.301(E
RBI/2004/ 153 A.P.(DIR Series) Circular No.86 April 17, 2004ToAll Authorised Dealers in Foreign ExchangeMadam / Sirs, FEMA 1999 – Current Account Transactions – Remittance for maintenance of close relatives abroad- Requests of Indian Nationals on deputation to India from Overseas Companies Attention of Authorised Dealers is invited to item 7 of Schedule III of Government of India Notification No.GSR.381 (E) dated May 3, 2000 as amended by the Notification No.S.O.301(E
এপ্ৰিল 16, 2004
Exim Bank's Lines of Credit of USD 10 Million each to Government of Zambia and to Bank Gospodarstwa Krajowego (National Economy Bank - BGK Bank), Poland - A.P (DIR Series) Circular No.85
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001 RBI/2004/149 A.P.(DIR Series) Circular No.85 April 16, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Exim Bank's Lines of Credit of USD 10 Million each to Government of Zambia and to Bank Gospodarstwa Krajowego (National Economy Bank - BGK Bank), Poland Export-Import Bank of India (Exim Bank) has concluded agreements with Ministry of Finance, Government of Zambia on Dece
RESERVE BANK OF INDIAFOREIGN EXCHANGE DEPARTMENTCENTRAL OFFICEMUMBAI-400 001 RBI/2004/149 A.P.(DIR Series) Circular No.85 April 16, 2004 To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Exim Bank's Lines of Credit of USD 10 Million each to Government of Zambia and to Bank Gospodarstwa Krajowego (National Economy Bank - BGK Bank), Poland Export-Import Bank of India (Exim Bank) has concluded agreements with Ministry of Finance, Government of Zambia on Dece
এপ্ৰিল 16, 2004
Exim Bank's Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan - A.P (DIR Series) Circular No.84
Reserve Bank Of IndiaForeign Exchange Department Central Office Mumbai - 400 001 RBI/2004/148 A.P.(DIR Series) Circular No.84 April 16, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan The Export-Import Bank of India (Exim Bank) has concluded an agreement with Bank TuranAlem , Kazakhstan on February 27, 2004 making available to the latter a Line of Credit (LOC) upto an aggregate
Reserve Bank Of IndiaForeign Exchange Department Central Office Mumbai - 400 001 RBI/2004/148 A.P.(DIR Series) Circular No.84 April 16, 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Line of Credit for USD 10 million to Bank TuranAlem, Kazakhstan The Export-Import Bank of India (Exim Bank) has concluded an agreement with Bank TuranAlem , Kazakhstan on February 27, 2004 making available to the latter a Line of Credit (LOC) upto an aggregate
এপ্ৰিল 12, 2004
Exim Bank's Letter of Credit Refinancing Facility of USD 20 Million to Bank Markazi Jomhouri Islami Iran - A.P (DIR Series) Circular No.83
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/ 2004/ 141 A.P. (DIR Series) Circular No.83 April 12 , 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Letter of Credit Refinancing Facility of USD 20 Million to Bank Markazi Jomhouri Islami Iran The Export-Import Bank of India (Exim Bank) has concluded an agreement with Bank Markazi Jomhouri Islami Iran (the Central Bank of the Islamic Republic of Iran) on
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 RBI/ 2004/ 141 A.P. (DIR Series) Circular No.83 April 12 , 2004 To All Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Letter of Credit Refinancing Facility of USD 20 Million to Bank Markazi Jomhouri Islami Iran The Export-Import Bank of India (Exim Bank) has concluded an agreement with Bank Markazi Jomhouri Islami Iran (the Central Bank of the Islamic Republic of Iran) on
এপ্ৰিল 01, 2004
External Commercial Borrowings (ECB) - Clarifications - A.P (DIR Series) Circular No.82
RBI/2004/128A.P.(DIR Series) Circular No. 82 April 1, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, External Commercial Borrowings (ECB) – Clarifications The External Commercial Borrowings (ECB) guidelines were revised vide A.P. (DIR Series) Circular No.60 dated January 31, 2004. The Reserve Bank has been receiving a number of queries relating to various aspects of the ECB guidelines. Our clarifications on these issues are set out below : 2. End-use
RBI/2004/128A.P.(DIR Series) Circular No. 82 April 1, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, External Commercial Borrowings (ECB) – Clarifications The External Commercial Borrowings (ECB) guidelines were revised vide A.P. (DIR Series) Circular No.60 dated January 31, 2004. The Reserve Bank has been receiving a number of queries relating to various aspects of the ECB guidelines. Our clarifications on these issues are set out below : 2. End-use
মাৰ্চ 24, 2004
Overseas Foreign Currency Borrowings by Authorised Dealers - Rationalisation and Monitoring - A.P (DIR Series) Circular No.81
RBI/2004/113A.P.(DIR Series) Circular No.81 March 24, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Overseas Foreign Currency Borrowings by Authorised Dealers – Rationalisation and Monitoring Authorised Dealers (ADs) are allowed to borrow in foreign currency in the circumstances and subject to such conditions as mentioned under Regulation 4(2) of Notification No.FEMA 3/2000-RB dated May 3, 2000. 2. Accordingly, in terms of paragraph No.C.5(i) of RBI
RBI/2004/113A.P.(DIR Series) Circular No.81 March 24, 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Overseas Foreign Currency Borrowings by Authorised Dealers – Rationalisation and Monitoring Authorised Dealers (ADs) are allowed to borrow in foreign currency in the circumstances and subject to such conditions as mentioned under Regulation 4(2) of Notification No.FEMA 3/2000-RB dated May 3, 2000. 2. Accordingly, in terms of paragraph No.C.5(i) of RBI
মাৰ্চ 18, 2004
Liberalised Remittance Scheme of USD 25,000 for Resident Individuals - A.P (DIR Series) Circular No.80
RBI/ 2004/105A.P. (DIR Series) Circular No. 80 March 18, 2004 To all Authorised Dealers in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals- Investor Protection – Disclosure Requirements Attention of the Authorised Dealers is invited to the instructions contained in A.P. DIR (Series) Circular No. 64 dated February 4, 2004, whereby Reserve Bank announced a Scheme permitting resident individuals to make remittance for an
RBI/ 2004/105A.P. (DIR Series) Circular No. 80 March 18, 2004 To all Authorised Dealers in Foreign Exchange Madam/Sirs, Liberalised Remittance Scheme of USD 25,000 for Resident Individuals- Investor Protection – Disclosure Requirements Attention of the Authorised Dealers is invited to the instructions contained in A.P. DIR (Series) Circular No. 64 dated February 4, 2004, whereby Reserve Bank announced a Scheme permitting resident individuals to make remittance for an
মাৰ্চ 15, 2004
Exim Bank's Line of Credit of USD 10 Million to Central Bank of Djibouti - A.P. (DIR Series) Circular No.79
RBI/ 2004/ 99A.P. (DIR Series) Circular No.79March 15, 2004 ToAll Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Line of Credit of USD 10 Million to Central Bank of Djibouti, Djibouti Export-Import Bank of India (Exim Bank) has concluded an agreement with Central Bank of Djibouti, Djibouti on July 24, 2003 making available to the latter, a Line of Credit (LOC) upto an aggregate sum of USD 10 Million (U.S.Dollar ten million only). The Credit Agreement h
RBI/ 2004/ 99A.P. (DIR Series) Circular No.79March 15, 2004 ToAll Authorised Dealers in Foreign Exchange Madam/Sirs, Exim Bank's Line of Credit of USD 10 Million to Central Bank of Djibouti, Djibouti Export-Import Bank of India (Exim Bank) has concluded an agreement with Central Bank of Djibouti, Djibouti on July 24, 2003 making available to the latter, a Line of Credit (LOC) upto an aggregate sum of USD 10 Million (U.S.Dollar ten million only). The Credit Agreement h
মাৰ্চ 13, 2004
Foreign Exchange Management Act, 1999 - Guidelines for Compilation of R-Returns - A.P. (DIR Series) Circular No.77
Reserve Bank of India RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT Central Office Mumbai 400 001 RBI/2004/ 95 A.P.(DIR Series) Circular No.77 March 13 , 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Foreign Exchange Management Act, 1999 - Guidelines for Compilation of R-Returns Attention of Authorised Dealers (ADs) is invited to A.P.(DIR Series) Circular No.76 dated February 3, 2003, in terms of which they are required to submit R-Return (NOSTR
Reserve Bank of India RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT Central Office Mumbai 400 001 RBI/2004/ 95 A.P.(DIR Series) Circular No.77 March 13 , 2004 To All Authorised Dealers in Foreign Exchange Madam / Sirs, Foreign Exchange Management Act, 1999 - Guidelines for Compilation of R-Returns Attention of Authorised Dealers (ADs) is invited to A.P.(DIR Series) Circular No.76 dated February 3, 2003, in terms of which they are required to submit R-Return (NOSTR
মাৰ্চ 13, 2004
Foreign Inward Remittance Payment System (FIRPS) Instrument - A.P. (DIR Series) Circular No.78
RESERVE BANK OF INDIA RBI/2004/96A.P.(DIR Series) Circular No.78 March 13, 2004To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Foreign Inward Remittance Payment System (FIRPS) Instrument – Withdrawal of Attention of Authorised Dealers is invited to Annexure V to A.D. (M.A. Series) Circular No.11 dated May 16, 2000. It is indicated thereat that pending issue of further directions, Authorised Dealers are to be guided by the provisions of para 3A.5
RESERVE BANK OF INDIA RBI/2004/96A.P.(DIR Series) Circular No.78 March 13, 2004To All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Foreign Inward Remittance Payment System (FIRPS) Instrument – Withdrawal of Attention of Authorised Dealers is invited to Annexure V to A.D. (M.A. Series) Circular No.11 dated May 16, 2000. It is indicated thereat that pending issue of further directions, Authorised Dealers are to be guided by the provisions of para 3A.5
মাৰ্চ 06, 2004
Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Amendment) Regulations, 2004
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. Notification No.FEMA.113/ 2004-RB Dated 6 March 2004 Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Amendment) Regulations, 2004 In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999)
[A.P.(DIR Series) Circular No.97 dated June 21, 2004] RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI 400 001. Notification No.FEMA.113/ 2004-RB Dated 6 March 2004 Foreign Exchange Management (Foreign Currency Accounts by a person Resident in India) (Amendment) Regulations, 2004 In exercise of the powers conferred by clause (b) of Section 9 and clause (e) of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999)
মাৰ্চ 06, 2004
Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations 2004
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 Notification No.FEMA 112 /2004-RB Dated : 6th March 2004 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations 2004 In exercise of the powers conferred by clause (d) of sub-section 3 of Section 6 of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No.FEMA 3/2000-RB
RESERVE BANK OF INDIA FOREIGN EXCHANGE DEPARTMENT CENTRAL OFFICE MUMBAI - 400 001 Notification No.FEMA 112 /2004-RB Dated : 6th March 2004 Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) (Amendment) Regulations 2004 In exercise of the powers conferred by clause (d) of sub-section 3 of Section 6 of sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999) and in partial modification of Notification No.FEMA 3/2000-RB
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