Export of goods & services –Extension of period of realisation

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

.....P.(DIR Series) Circular No.20 January 28, 2002 To, All Authorised Dealers in Foreign Exchange Dear Sirs/Madam, Export of goods & services - Extension of period of realisation Attention of all Authorised Dealers is invited to paragraph C.15 of A.P.(DIR Series) Circular No. 12 dated September 9, 2000, in terms of which cases where an exporter has not been able to realise proceeds ....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....xport proceeds during the extended period; • the extension may be granted upto a period of 3 months at a time and while considering the extension beyond one year from the date of export the total export outstandings of the exporter should not be more than 10% of the average of export realisations during the preceding three financial years. 2. The ceiling of US $ 1,00,000 would not ....