Export proceeds repatriation timeframe shortened under foreign exchange regulations; exporters must repatriate authorised foreign exchange within the revised regulatory period. The circular reduces the period for realisation and repatriation of the full export value of goods and software from the previously extended term to a shorter, specified term from the date of export, effective immediately for a limited period; timelines for SEZ exports and exports to overseas warehouses remain unchanged, Authorised Dealer Category I banks must inform constituents, and the directions are issued under the foreign exchange regulatory framework without prejudice to other legal permissions.
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Export proceeds repatriation timeframe shortened under foreign exchange regulations; exporters must repatriate authorised foreign exchange within the revised regulatory period.
The circular reduces the period for realisation and repatriation of the full export value of goods and software from the previously extended term to a shorter, specified term from the date of export, effective immediately for a limited period; timelines for SEZ exports and exports to overseas warehouses remain unchanged, Authorised Dealer Category I banks must inform constituents, and the directions are issued under the foreign exchange regulatory framework without prejudice to other legal permissions.
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