Export proceeds realisation: exporters to Latin America must remit proceeds within the prescribed period; limited exceptions preserved. The circular discontinues the extended realisation facility for exports to specified Latin American countries for exports made on or after September 1, 2004, requiring exporters to realise full export proceeds within the prescribed six-month period, while preserving the extended facility for status holders and certain manufacturer/merchant exporters or traders with high-value export contracts as specified in earlier A.P. (DIR Series) circulars.
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Export proceeds realisation: exporters to Latin America must remit proceeds within the prescribed period; limited exceptions preserved.
The circular discontinues the extended realisation facility for exports to specified Latin American countries for exports made on or after September 1, 2004, requiring exporters to realise full export proceeds within the prescribed six-month period, while preserving the extended facility for status holders and certain manufacturer/merchant exporters or traders with high-value export contracts as specified in earlier A.P. (DIR Series) circulars.
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