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<h1>Export realisation period shortened, altering timelines for foreign exchange repatriation under FEMA export regulations amendment.</h1> The Amendment substitutes the words 'nine months' for 'twelve months' in the principal regulations, specifically in Regulation 9(1) including its third proviso, and in Regulation 10, thereby reducing the period for realisation and repatriation of export proceeds. It is titled the Foreign Exchange Management (Export of Goods & Services) (Amendment) Regulations, 2014 and is deemed effective from April 1, 2013, with a clarification that no person will be adversely affected by the retrospective effect.
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