CIR. NO. 70/2008-09-RB, DT. 30/06/2009
- Document type
- Circular
- Dated
- Category
- A.P. (DIR Series) Circulars
Export of Goods and Software-Realisation and Repatriation of export Proceeds - Liberalisation
Export of Goods and Software-Realisation and Repatriation of export Proceeds - Liberalisation
2. The issue has since been reviewed and it has been decided in consultation with Government of India to extend the above relaxation for a further period of one year i.e. up to June 30, 2010, subject to review.
3. The provisions in regard to period of realisation 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 remains unchanged.
4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
5. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions / approvals, if any, required under any other law.
Yours faithfully,
(Salim Gangadharan)
Chief General Manager-in-charge