Date: 01-04-2005 Notification No: RBI Notification No FEMA 133/2005 RB Issuing Authority: RBI Type: FEMA Notification File No: Subject: Foreign Exchange Management (Deposit) (Amendment) Regulations, 2005 G.S.R. 221(E).-In exercise of the powers conferred by clause (f) of Sub-section (3) of Section 6, Sub-section (2) of Section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), and in partial modification of its Notification No. FEMA 5/2000-RB dated May 3,2000, as amended from time to time, the Reserve Bank of India makes the following Regulations to amend the Foreign Exchange Management (Deposit) Regulations, 2000, namely:1. Short title and commencement(i) These Regulations may be called the Foreign Exchange Management (Deposit) (Amendment) Regulations, 2005.(ii) They shall come into force on the 15th day of March 2005.2. Amendment of the RegulationsSub-clause (c) to clause 9 of Schedule 1 to the Foreign Exchange Management (Deposit) Regulations, 2000, shall be substituted as under :"Operations by Power of Attorney : Authorised dealers/ authorized banks may allow operations on an NRE account in terms of Power of Attorney or other authority granted in favour of a resident by the non- resident account holder, provided such operations are restricted to withdrawals for local payments or remittance to the account holder himself through normal banking channels. In cases where the account holder or a bank designated by him is eligible to make investments in India, the Power of Attorney holder may be permitted by the authorised dealers/banks to operate the account to facilitate such investment. The resident Power of Attorney holder shall not, however, be allowed to repatriate outside India funds held in the account under any circumstances other than to the account holder himself, nor to make payment by way of gift to a resident on behalf of the account holder or to transfer funds from the account to another NRE account" Sd/-( F R Joseph )Chief General ManagerNote : This notification has been Gazetted on 7th April, 2005.
Get Sample Now Which service(s) are you interested in? Export Data Import Data Both Buyers Suppliers Both OR Exim Help 6 + 3 Exim News Date: 03-07-2025 What started in India is now a global standard—Walmart’s Jason Fremstad on Vriddhi program going int Date: 03-07-2025 India services sector growth hits 10-month high as demand surges, PMI shows Date: 03-07-2025 Siemens says US has lifted chip software curbs on China: Bloomberg Date: 03-07-2025 'China will do everthing to cripple India': Economic expert warns Delhi as Foxconn removes Chinese s Date: 02-07-2025 Rupee falls 4 paise to 85.63 against US dollar in early trade Date: 02-07-2025 EU OK with Trump winning levy war, but has a wishlist Date: 02-07-2025 India's push for zero tariff on labour-intensive exports is combination of economic strategy & domes Date: 01-07-2025 Govt plans SEZ law revamp to boost exports, ease domestic tariff area sales Date: 01-07-2025 US stock market today: Dow, S&P 500, Nasdaq hit all-time highs as June ends with a bang — trade truc Date: 01-07-2025 EMS has huge growth prospects for next five years; 5 direct & ancillary plays to bet on: Narendra So What is New? Date: 13-06-2025 Notification No. 43/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 11-06-2025 Notification No. 42/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 06-06-2025 Notification No. 13/2025-Customs (ADD) Seeks to impose Anti Dumping Duty on imports of ‘Insoluble Sulphur’ originating in or exported from China PR and Japan. Date: 30-05-2025 Notification No. 38/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 30-05-2025 Notification No. 31/2025-Customs Seeks to i. extend the specified condition of exemption to imports of Yellow Peas (HS 0713 10 10) to bill of lading issued on or before 31.03.2026; ii. to reduce the basic custom duty on crude soya bean oil (HS Code 15071000), crude sunflower oil (HS Code 15121110), and crude palm oil (HS Code 15111000) from 20% to 10% Date: 26-05-2025 NOTIFICATION No. 37/2025-Customs (N.T.) Notification of ICD Jalna, Maharashtra u/s. 7(1)(aa) of Customs Act, 1962" and it was issued under Section 7(1)(aa) of Customs Act, 1962 Date: 23-05-2025 Notification No. 30/2025-Customs Seeks to amend notification No. 55/2022-Customs dated 31.10.2022 to remove the condition required for availing exemption on Bangalore Rose Onion. Date: 23-05-2025 NOTIFICATION No. 36/2025 - Customs (N.T.) Amendment in the Notification No. 63-1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Raxaul Date: 15-05-2025 Notification No. 34/2025-CUSTOMS (N.T.) Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver Date: 09-05-2025 Notification No. 29/2025-Customs Seeks to exempt works of art and antiques from Basic Customs Duty
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