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of <h1>FEMA requires export payments to be repatriated to India within nine months, with exceptions for certain cases and extensions by RBI.</h1> The Foreign Exchange Management Act (FEMA) mandates that the full export value of goods, software, or services must be realized and repatriated to India within nine months from the export date, unless otherwise specified by the Reserve Bank of India (RBI) in consultation with the government. Exceptions apply for goods exported to warehouses outside India, allowing up to fifteen months for repatriation. Special Economic Zones, Status Holder Exporters, and other designated units must also comply with the nine-month rule, with possible extensions granted by the RBI. Payments must be processed through authorized dealers, following specific regulations. The RBI can issue directions if payment delays occur.
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