Export of Goods and Software - Realisation and Repatriation of export proceeds - Liberalisation
THE period of realisation and repatriation to India of the amount representing the full export value of goods or software exported,was increased from six months to twelve months from the date of export, subject to review after one year. This was done on 30th June 2009.
The issue has since been reviewed and it has been decided, in consultation with the Government of India, to extend the above relaxation up to March 31, 2011.
RBI Circular No. 57 Dated: June 29, 2010