The Reserve Bank of India has amended FEMA regulations, allowing exporters to hold foreign exchange proceeds in Gujarat's Gift City for up to three months. This move provides operational relief and greater flexibility in repatriating funds, aligning with USD-INR trends. Previously, funds had to be repatriated by the end of the following month.
from Economic Times https://ift.tt/fYBu2UL
from Economic Times https://ift.tt/fYBu2UL
Exporters in Gift City can retain forex proceeds for 3 months now
![Exporters in Gift City can retain forex proceeds for 3 months now]()
Reviewed by শ্রী শ্রী সত্যনারায়ণ নমঃ
on
October 14, 2025
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