Realisation of export proceeds – RBI circular dt. March 31, 2011
April 15, 2011
Members of the Council
Sub : Export of Goods and Software – Realisation and Repatriation of export proceeds – liberalization – reg.
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.
Ali Ahmed Khan
COUNCIL FOR LEATHER EXPORTS