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RBI eases regulations to boost shipping sector business environment
RBI eases regulations to boost shipping sector business environment
As has been the case with cargo ships that are subject to re-importation into India, the Reserve Bank of India (RBI) has modified the Foreign Exchange Management (Export of Goods & Services) Regulations to exempt tugboats, dredgers, and offshore support vessels from the need to submit an Export Declaration Form (EDF). In a related move, the Central Bank increased the maximum
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