Export of Goods and Software – Realisation and Repatriation of export proceeds – LiberalExport of Goods and Software – Realisation and Repatriation of export proceeds – LiberalExport of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation

The Reserve Bank of India vide its earlier circular dated 29th June, 2010 had 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 up to March 31, 2011. RBI has vide Circular A.P. (DIR Series) Circular No. 47 dated 31st March 2011   now extends this relaxation upto 30th September, 2011, subject to review.

However, the period of realization and repatriation to India of the full export value of goodsor software exported by a unit situated in a Special Economic Zone (SEZ) as well as exports made to warehouses established outside India remains unchanged.