New FEMA rules: RBI clarifies what freelancers and small exporters need to report; FAQs to be released soon

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RBI has clarified reporting rules under the new FEMA trade regulations effective 1 October. Individuals are not required to report personal imports or exports, while small exporters with bills up to ₹10 lakh can use self-declaration and an invoice.

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New FEMA rules: RBI clarifies what freelancers and small exporters need to report; FAQs to be released soon

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