RBI had vide A.P.(DIR Series) Circular No.70 dated June 30, 2009 increased the period of realisation 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 issue has since been reviewed and it has been decided, in consultation with the Government of India, to extend the above relaxation up to March 31, 2011.
Click here for the text of the A.P. (DIR Series) Circular No.57 dated June 29, 2010.
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