Extension of Time Limit for Shipment



Extension of Time Limit for Shipment :

In terms of Regulation of the Foreign Exchange Management (Export of Goods and Services) Regulations, the export proceeds are required to be realized within a period of 6 months from the date of shipment.


In the case of exports to a warehouse established abroad with the approval of Reserve Bank, the proceeds have to be realized within 15 months from the date of shipment. Where the export of goods or software has been made by a unit situated in a Special Economic Zone, the amount representing the full export value of goods or software shall be realized and repatriated to India within twelve months from the date of export.



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