EXPORT OF GOODS AND SERVICES – REALIZATION AND REPATRIATION OF EXPORT PROCEEDS – LIBERALIZATION.

RBI has enhanced the present period of realization and repatriation to India of the amount representing the full export value of goods or software exported, from Six Months to Twelve
Months from the date of export, subject to review after one year. The provisions in regard to period of
realization and repatriation to India of the full export value of goods or software exported by a unit situated in Special Economic Zone (SEZ) as well as exports made to warehouses established outside India with the permission of Reserve Bank remain unchanged.