THE Reserve Bank of India (RBI) has announced that exporters of goods and software would be allowed to avail of the relaxation in realising and repatriating export proceeds for one more year.
Confirming that the relaxation has been extended till September 30, 2012, the apex bank’s statement mentioned that exporters can realise and repatriate export proceeds, representing the full value of goods or software exported, within 12 months (previously 6 months).
Source : Exim News Service - Mumbai, Nov. 3