EXPORT OF
GOODS AND SOFTWARE – REALISATION AND REPATRIATION OF EXPORT PROCEEDS – LIBERALISATION
RBI/2012-13/503 A.P. (DIR Series)
Circular No. 105
1. Attention of
Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR
Series) Circular No. 52 dated November 20, 2012 extending the enhanced
period for realization and repatriation to India, of the amount representing
the full value of goods or software exported, from six months to
twelve months from the date of export. This relaxation was available up to
March 31, 2013.
2. The issue has since
been reviewed and it has been decided, in consultation with the Government of
India, to bring down the above stated
realization period from twelve months to nine months from the
date of export, with immediate effect, valid till September 30,
2013.
3. 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 remain unchanged.
Regards
CA. Mona Singhal
Partner
Arpit Gupta & Associates
Chartered Accountants
701, Nirmal Tower,
26, Barakhamba Road,
Connaught Place, Delhi-110001
Mobile:- +91-9873082769
Website: www.caaga.co.in
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