Export of Goods and Software

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April 15, 2011

Members of the Council

Sub : Export of Goods and Software – Realisation and Repatriation of export proceeds – liberalization – reg.

Dear Member

As members are aware, the Reserve Bank of India had earlier increased the period of realization and repatriation to export proceeds to India from six months to twelve months from the date of export.

The RBI has now issued a circular RBI/2010-11/457 – A.P. (DIR Series) Circular No. 47 dated March 31, 2011 (copy enclosed) extending the aforesaid facility from March 31, 2011 to September 30, 2011.

Members may kindly note the above.

With regards

Ali Ahmed Khan
Executive Director

RBI circular on export realisation