A.P. (DIR Series) Circular No.40, Dated- November 01, 2011
has yet again extended to twelve months (normal period six months) the period of realization and repatriation to India the full value of exports of goods or services. This effectively means that if an export is made on 1.10.2011 the proceeds of this export can be received within 1 year (ie) till 30.09.2012. This extension is applicable upto 30th September 2012.
This relaxation which is being now provided for almost 3 years now, is to help Indian exporters tide over American & European crises.
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