India:
RBI Brings Down The Period For Realization And Repatriation For Value Of Goods Or Software Exported
01 July 2013
S&A Law Offices
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RBI vide A.P. (DIR Series) Circular No. 105 dated 20th May, 2013
decided to bring down the period of realization and repatriation to
India, of the amount representing the full value of goods or
software exported, from twelve months to nine months from the date
of export, with immediate effect, till 30th September, 2013. The
provisions in regard to period of realization and repatriation to
India of the full export value of goods or software exported by a
unit situated in a Special Economic Zone (SEZ) as well as exports
made to warehouses established outside India were kept unchanged.
The period was earlier of six months which was increased to twelve
months vide A.P. (DIR Series) Circular No. 52 dated November 20,
2012.
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