The document contains 4 circulars from the Reserve Bank of India regarding updates to foreign exchange laws and regulations in India from July 2015. The circulars provide clarification on the re-export of unsold rough diamonds from special customs zones without export forms, allow foreign investment in activities related to tobacco other than manufacturing, issue of employee stock options/shares to overseas employees in accordance with sector caps, and permit banks to factor export receivables on a non-recourse basis. The document also contains an advertisement from a professional services firm called Taxpert Professionals providing taxation and corporate advisory services.