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of <h1>RBI Extends Export Proceeds Realization to 365 Days for Shipments Made Until Sep 2004 for Specific Products.</h1> The Reserve Bank of India has extended the period for realization and repatriation of export proceeds to 365 days from the date of shipment for certain products, applicable to manufacturer exporters, merchant exporters, and traders with export contracts valued at Rs.100 crore and above. This extension applies to shipments made up to September 30, 2004, for products such as pharmaceuticals, agro-chemicals, transport equipment, cement, iron and steel, electrical machinery, leather products, textiles, aluminum products, petroleum products, sugar, and food grains. Authorised Dealers are instructed to inform their clients of these changes under the Foreign Exchange Management Act, 1999.
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