Realisation and repatriation timelines extended for export proceeds, maintaining SEZ and warehouse provisions and FEMA authority. Authorised Dealer Category I banks are notified of an extension of the relaxation increasing the period for realisation and repatriation of the full export value of goods and software; the extension lasts until the cut off date announced in the circular. Provisions for units in Special Economic Zones and exports to overseas warehouses remain unchanged. The Directions are issued under the Foreign Exchange Management Act, 1999 and banks should inform their constituents.
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Provisions expressly mentioned in the judgment/order text.
Realisation and repatriation timelines extended for export proceeds, maintaining SEZ and warehouse provisions and FEMA authority.
Authorised Dealer Category I banks are notified of an extension of the relaxation increasing the period for realisation and repatriation of the full export value of goods and software; the extension lasts until the cut off date announced in the circular. Provisions for units in Special Economic Zones and exports to overseas warehouses remain unchanged. The Directions are issued under the Foreign Exchange Management Act, 1999 and banks should inform their constituents.
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