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Export realisation and repatriation: SEZ exporters now subject to standard period requirements following regulatory amendment. The amendment deletes the proviso that exempted units in Special Economic Zones from the stipulation of period for realisation and repatriation of full export value, thereby making SEZ exports subject to the same realisation and repatriation timelines as other exporters; the change takes effect on publication in the Official Gazette under powers conferred by the Foreign Exchange Management Act.
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Export realisation and repatriation: SEZ exporters now subject to standard period requirements following regulatory amendment.
The amendment deletes the proviso that exempted units in Special Economic Zones from the stipulation of period for realisation and repatriation of full export value, thereby making SEZ exports subject to the same realisation and repatriation timelines as other exporters; the change takes effect on publication in the Official Gazette under powers conferred by the Foreign Exchange Management Act.
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