![RBI looks to ease export, import transaction norms](https://cdn.magzter.com/1547192204/1719946198/articles/wCutDAI2gg8KZzOSER2sys/RBI-LOOKS-TO-EASE-EXPORT-IMPORT-TRANSACTION-NORMS.jpg)
The Reserve Bank of India (RBI) has proposed rationalisation of norms governing export and import transactions to promote ease of doing business and empower banks to deliver quicker and more efficient services to foreign exchange customers. According to draft norms, every exporter should furnish a declaration specifying the amount of the full export value of the goods or services.
The amount representing the full export value of goods and services shall be realised and repatriated to India within nine months from the date of shipment for goods and date of invoice for services, the RBI said.
This story is from the July 03, 2024 edition of Business Standard.
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This story is from the July 03, 2024 edition of Business Standard.
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