Foreign Exchange Regulations & Liabilities of Exporters in India
Exports are governed by an extensive collection of laws and rules govern the export of products and services in India in order to ensure the seamless flow of foreign currency and preserve a favorable balance of payments. Exporters participate significantly in this process and are subject to various obligations and liabilities as a result of these laws. The Foreign Exchange Management Act (FEMA), 1999, is to a great extent liable for controlling foreign exchange in India. FEMA offers a regulative system for controlling foreign exchange, worldwide exchange, installments, and the country’s generally speaking foreign currency management.
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Conducting a forensic audit is of paramount importance for foreign individuals or corporations considering investing in an Indian company. A forensic ...
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