6A.7
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Time limit for Realisation of Export Proceeds
In terms of Rule 8 of the Foreign Exchange Regulation Rules, 1974, as amended, the amount representing the full export value of goods exported must be realised by an exporter on the due date for payment or within six months from the date of shipment, whichever is earlier. In respect of exports made to Indian-owned Warehouses abroad established with the permission of the Reserve Bank, a maximum period of 15 months is allowed for realisation of export proceeds. As regards consignment exports to CIS countries and East European countries, see Note C under paragraph 6C8(ii).