75th Founding Day Lecture Meeting on “India@2030” Know More

July 2008

A.P. (DIR Series) Circular No. 50, dated 3-6-2008 — Export of goods and services — Realisation of export proceeds — Liberalisation.

By Pinky Shah, Sonalee Godbole, Gaurang Gandhi, Chartered Accountants
Reading Time 1 mins
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Part C : RBI/FEMA


Given below are the highlights of certain RBI Circulars.

 

54 A.P. (DIR Series) Circular No. 50, dated
3-6-2008 — Export of goods and services — Realisation of export proceeds —
Liberalisation.

 

This Circular has enhanced the present period of realisation
and repatriation to India of the amount representing the full value of goods or
software exported from the present period of six months to twelve months from
the date of export. There has been no change in the period of realisation in
case of exports by an SEZ unit or exports to overseas warehouses.

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