Can we export imported goods to bhutan & nepal

From 1st March 2012 onward can export all the countries include Nepal  except "Bhutan" please refer Central excise notifications -26/2011-CE(NT)

as per fta Revised Agreement of Cooperation between Government of India and Nepal to control unauthorised trade.

Refer to Para 2.52(a) of foreign trade policy 2015-2020

However, export proceeds against specific exports may also be realized in rupees, provided it is through a freely convertible Vostro account of a non resident bank situated in any country other than a member country of Asian Clearing Union (ACU) or Nepal or Bhutan. Additionally, rupee payment through Vostro account must be against payment in free foreign currency by buyer in his non-resident bank account. Free foreign exchange remitted by buyer to his non-resident bank (after deducting bank service charges)on account of this transaction would be taken as export realization under export promotion schemes of FTP.