In force · As amended up to 2026-08
(c) "Exim Bank" means the Export-Import Bank of India established under section 3;
(b) "Development Bank" means the Industrial Development Bank of India established under the
Industrial Development Bank of India Act, 1964 (18 of 1964);
(f) "notification" means a notification published in the Official Gazette;
(a) "Board" means the Board of Directors of the Exim Bank referred to in section 6;
(j) "services" includes,--
(I) providing personnel (including skilled or unskilled workmen and persons for rendering
technical or other services) for the purposes of any work or project (by whatever name called) or
any activity;
(II) transferring of technology, including transferring, or securing the transfer of rights,
knowhow, expertises or other skill with respect to any patent, invention, model, design, secret
formula or process or similar property;
(III) furnishing any information, blueprints, plans, or advice with respect to any matter; and
(IV) making available any other resources.
(e) "goods" includes all materials, commodities and articles in a solid, liquid or gaseous state and
all forms of energy;
(h) "Reserve Bank" means the Reserve Bank of India constituted under the Reserve Bank of India
Act, 1934 (2 of 1934);
(g) "prescribed" means prescribed by regulations made under this Act;
(i) "scheduled bank" means a bank, for the time being, included in the Second Schedule to the
Reserve Bank of India Act, 1934 (2 of 1934);
(d) "export" and "import" mean, respectively, export from or import into India or any other
country of goods or services, or both;
2. Definitions.
In this Act, unless the context otherwise requires,--
Source: India Code