Realisation and repatriation of foreign exchange: exporters must realise and repatriate export proceeds under RBI-prescribed procedures. Realisation and repatriation obligations require residents who receive foreign exchange to take all reasonable steps to realise and repatriate those receipts in the period and manner specified by the Reserve Bank. Foreign Exchange includes foreign currency and related instruments such as deposits, drafts, travellers cheques, letters of credit and bills of exchange. Regulations prescribe procedural requirements and timelines for exporters to realise and repatriate export proceeds, empower authorised dealers to follow RBI guidance on invoicing and settlement, and exclude Nepal and Bhutan currency from the regime.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Realisation and repatriation of foreign exchange: exporters must realise and repatriate export proceeds under RBI-prescribed procedures.
Realisation and repatriation obligations require residents who receive foreign exchange to take all reasonable steps to realise and repatriate those receipts in the period and manner specified by the Reserve Bank. Foreign Exchange includes foreign currency and related instruments such as deposits, drafts, travellers cheques, letters of credit and bills of exchange. Regulations prescribe procedural requirements and timelines for exporters to realise and repatriate export proceeds, empower authorised dealers to follow RBI guidance on invoicing and settlement, and exclude Nepal and Bhutan currency from the regime.
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