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of <h1>Export Proceeds Repatriation Period Extended to 12 Months Until March 31, 2013, Under FEMA Act 1999.</h1> The circular addresses the extension of the period for the realization and repatriation of export proceeds for goods and software from six months to twelve months from the date of export. Initially, this extension was valid until September 30, 2012, but has now been extended until March 31, 2013, following consultation with the Government of India. The provisions for Special Economic Zone units and exports to warehouses outside India remain unchanged. Authorized Dealer Category-I banks are instructed to inform their clients and customers of these changes. The directions are issued under the Foreign Exchange Management Act, 1999.
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