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Provision of Act
Application of FEMA: Capital account transactions Current account transactions Act provides that: For all cash exports, the foreign exchange proceeds from exports must be brought back to India within 180 days.
Cont..
Residents going abroad for business purposes or for participating in conferences will not need RBI permission to avail foreign exchange up to US $25,000 per trip
Customs Act,1962
The customs department is vested with the task of carrying out physical as well as documentary check on all the goods crossing the Indian customs frontier. All export consignments will be checked by the customs authorities at port.