Realisation and Repatriation of Export Proceeds
June 6, 2013
Members of the Council.
Sub : Export of Goods and Software – Realisation and Repatriation of Export Proceeds
Members are kindly aware that the period of realization and repatriation to India of the amount representing the full export value of goods or software exported was earlier extended from six months to twelve months from the date of export. This relaxation was earlier available from the year 2008-09 till March 31, 2013.
Now RBI has issued a Circular No. 105 ( A.P. (DIR Series) dated May 20, 2013 (copy enclosed) which states that it has been decided to bring down the period of relaxation given for realization of export proceeds from 12 months to 9 months with immediate effect till September 30, 2013.
R Ramesh Kumar,IAS
COUNCIL FOR LEATHER EXPORTS