Export of goods & services –Extension of period of realisation

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....ry 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 of shipment within the prescribed perio....

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....od; • 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 apply where the exporter has filed suit....