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of <h1>Repatriation of export proceeds extended from six to twelve months, reviewed after one year; SEZ and warehouse timelines unchanged</h1> Extends the statutory period for realisation and repatriation of the full export value of goods or software from six months to twelve months from the date of export, thereby permitting exporters to remit export proceeds within twelve months; this extension is subject to review after one year. Prescribes that the existing timelines for units in Special Economic Zones and for exports to approved overseas warehouses remain unchanged, thereby preserving current repatriation obligations for those categories. Amends the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000 accordingly, with separate notification of textual amendments. (RBI)
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