New Delhi, May 15 -- Small businesses are calling for relaxations in proposed regulations for exports and imports under the Foreign Exchange Management Act (Fema), saying a one-size-fits-all solution would disadvantage them.

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MSMEs, or micro, small and medium enterprises, say the draft regulations, which were open for public consultations till 30 April, don't have enough provisions for their exports of digital goods and services, which account for 45% of the country's exports.

There is also a policy gap on export procedures for direct-to-customer e-commerce businesses, which are characterized by high-frequency, low-value transaction, according to the India SME For...