At first glance, what is striking is the brevity of the proposed regulations and directions. The draft regulation (872 words) is less than a quarter of the present export regulations (3,700 words). The proposed directions to ADs on exports and imports (2,284 words) is about a twelfth of the current master directions for exports of goods and services (16,122 words) and imports of goods and services (10,828 words) put together. Exporters and importers who are used to detailed RBI guidelines will now have to await the guidelines from the ADS, who have been asked to put in place a comprehensive, well-documented policy as approved by their Board of Directors within six months for handling payment transactions related to export/import of goods and services and merchanting trade.
この記事は Business Standard の July 08, 2024 版に掲載されています。
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この記事は Business Standard の July 08, 2024 版に掲載されています。
7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。
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Avoid partial payout: Buy health cover with fewer sub-limits
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Trent may replace Bajaj Finserv in Sensexrejig in December
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FIRST LINE OF DEFENCE
Why New Delhi is underlining the role of border villages as custodians of India's frontiers
A fine balance
Markets in agriculture must be allowed to function
