MUMBAI, India, April 23 -- Reserve Bank of India issued the following notification:
RBI/2025-26/30
A.P. (DIR Series) Circular No. 03
April 23, 2025
To,
All Authorised Dealer Category-I banks
Madam / Sir,
Exports through warehouses in 'Bharat Mart' in UAE - relaxations
Attention of Authorised Dealer Category - I banks (AD banks) is invited to Clause (a) of Sub regulation 1 of Regulation 9 of Foreign Exchange Management (Export of Goods & Services) Regulations, 2015 {Notification No. FEMA 23(R)/2015-RB} and Para C.6 and C.13 of Master Direction - Export of Goods & Services.
2. To facilitate export through warehouses in 'Bharat Mart', a multimodal logistics network based marketplace in United Arab Emirates (UAE) that will provide Ind...