Realisation of Export Proceeds - One year time - Liberalisation
IN March 2011, the Reserve Bank of India enhanced the period of realization and repatriation to India of the amount representing the full export value of goods or software exported, from six months to twelve months from the date of export. This relaxation was available up to September 30, 2011.
Now, the RBI has extended it with effect from October 01, 2011 till September 30, 2012.
RBI Circular No. 40/2011, Dated: November 01, 2011