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of <h1>RBI Extends Export Value Repatriation Period to 12 Months for General Exports; SEZs and Warehouses Unaffected.</h1> The Reserve Bank of India has extended the period for realizing and repatriating the full export value of goods or software from six months to twelve months from the date of export. This change, effective from the 2008-09 Annual Policy Statement, comes in response to requests from exporters and trade bodies due to external conditions. The extension applies to general exports but does not alter the provisions for units in Special Economic Zones or exports to warehouses outside India. Amendments to the relevant FEMA notification will be issued separately, and banks are instructed to inform their clients of this update.
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