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of <h1>RBI Extends Export Proceeds Realization Period to 15 Months for Exports Until July 31, 2020, Amid COVID-19.</h1> The Reserve Bank of India, in consultation with the Government of India, has extended the period for the realization and repatriation of export proceeds from nine months to fifteen months for exports made up to July 31, 2020, due to the COVID-19 pandemic. This extension applies to the full export value of goods, software, or services. The provisions for goods exported to warehouses outside India remain unchanged. Authorized Dealer Category-I banks are instructed to inform their constituents of this change. This directive is issued under the Foreign Exchange Management Act, 1999.
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