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<h1>RBI Amends Foreign Exchange Regulations: Extends Export Transaction Period to 12 Months Under Regulations 9 & 10</h1> The Reserve Bank of India has amended the Foreign Exchange Management (Export of Goods and Services) Regulations, 2000, effective from June 3, 2008. The amendments extend the period for export-related financial transactions from six months to twelve months in various regulations and forms, including Regulation 9, Regulation 10, and the forms GR, SDF, PP, and SOFTEX. These changes are intended to streamline export processes without adversely affecting any parties due to their retrospective application. The principal regulations were initially published in May 2000 and have undergone several amendments over the years.