Time Limit for Export

[Kaustubh Karandikar]

In case of

1) Export of Goods and

2) Export of Services, what is the time limit for realizing the amount in foreign currency?

3) Time limit for exporting the services

4) Time limit for export of goods.

What are the relevant Provisions under which it is mentioned?

[Shilpi Jain]

Time limit to realise forex

Export of goods - as allowed under FEMA

Export of services - 1 year

Time limit for export of goods - says 3 months

Pls see rules

[Kaustubh Karandikar]

Thanks shilpi ji for your kind advice. What is allowed under FEMA?

[JAIPRAKASH RUIA]

Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation

RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020

AI Summary

Realisation of export proceeds: time limits for services and goods governed by FEMA and RBI relaxations. Time limits for realisation and repatriation of export proceeds are governed by FEMA and RBI instructions. Export of services is indicated as subject to a one year realisation period, while export of goods is governed by FEMA timelines, with one reply mentioning a three month period. RBI Circular No. 27 (A. P. (DIR Series), April 01, 2020) is cited as providing relaxations affecting these timelines.