You dont nothing much to worry with the export code. Just select what kind of work to do to get paid, and the code shall be assigned automatically. RBI just wants to monitor the black money, considering the amount of scams that are found every year.
And people, dont blame RBI for this. Paypal have the option to work like they used to, but that shall mean more expenses to them, so this round about way now.
And people, Paypal says the amount is withdrawn automatically to their bank account. But have it happened to anyone ? Because , its not happening for me so far. Even ealier when Paypal came up with regulations that the amount have to be withdrawn to the bank account within a week, i could still withdraw even after a month after receiving the payment