New Delhi, March 28 -- In a recent interaction, DGFT officials have explained in detail to the RBI the need for easing regulations for e-commerce exporters, including providing them with more time to realise payments in business-to-business (B2B) shipments.
Responding to the recommendations, the RBI has assured that it will revisit the guidelines and provide feedback soon, according to an official from the Commerce Department, reported Businessline.
The DGFT's push for relaxing FEMA guidelines aligns with the broader policy direction of boosting exports through the e-commerce channel. A key aspect discussed is the need to extend the 270-day upper limit, currently in place for normal B2B transactions, for the realisation of foreign excha...