Export of Goods and Software - Realisation and Repatriation of Export Proceeds - Liberalisation
RBI had in 2011 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, 2012.
Now RBI has decided to extend the above relaxation with effect from October 01, 2012 till March 31, 2013.
RBI A.P. (DIR Series) Circular No. 52; Dated: November 20, 2012