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RBI Eases Forex Reporting Rules for Freelancers and Service Exporters, Sets Rs 10 Lakh Threshold

MUMBAI, Nov. 4: The Reserve Bank of India (RBI) has relaxed foreign exchange reporting requirements for service exporters and importers, providing relief to freelancers, independent professionals and businesses involved in international transactions. The changes, notified on November 2 under the Foreign Exchange Management (Export and Import of…
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