RBI vide A.P. (DIR Series) Circular No. 105 dated 20th May, 2013 decided to bring down the period of realization and repatriation to India, of the amount representing the full value of goods or software exported, from twelve months to nine months from the date of export, with immediate effect, till 30th September, 2013. The provisions in regard to period of realization and repatriation to India of the full export value of goods or software exported by a unit situated in a Special Economic Zone (SEZ) as well as exports made to warehouses established outside India were kept unchanged. The period was earlier of six months which was increased to twelve months vide A.P. (DIR Series) Circular No. 52 dated November 20, 2012.
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