Export proceeds realisation timeframe extended to address pandemic-related delays in repatriation of export value policy The Reserve Bank of India, in consultation with the Government of India, extended the period for realisation and repatriation to India of the full export value of goods, software or services exported for exports made up to or on July 31, 2020, increasing the prescribed timeline to accommodate pandemic-related delays; provisions for exports to warehouses outside India remain unchanged and the directions were issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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Export proceeds realisation timeframe extended to address pandemic-related delays in repatriation of export value policy
The Reserve Bank of India, in consultation with the Government of India, extended the period for realisation and repatriation to India of the full export value of goods, software or services exported for exports made up to or on July 31, 2020, increasing the prescribed timeline to accommodate pandemic-related delays; provisions for exports to warehouses outside India remain unchanged and the directions were issued under Sections 10(4) and 11(1) of the Foreign Exchange Management Act, 1999.
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