Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Liberalisation

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..... I (AD Category- I) banks is invited to the provisions of sub-regulation (1) of Regulation 9 of the Notification No.FEMA.23 /2000-RB dated May 3, 2000, as amended from time to time, in terms of which the amount representing the full export value of goods or software exported should be realised and repatriated to India within six months from the date of export. 2. Reserve Bank has been receiving re .....

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..... remain unchanged. 3. Necessary amendments to Notification No. FEMA.23/RB-2000 dated May 3, 2000 [Foreign Exchange Management (Export of Goods and Services) Regulations, 2000] are being notified separately. 4. AD Category - I banks may please bring the contents of this Circular to the notice of their constituents and customers concerned. 5. The directions contained in circular have been issued .....

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