Export of Goods and Services

 

A.P. (DIR Series) (2003-2004) Circular No. 30, dated 21-10-2003,
Issued by Exchange Control Department, RBI

Attention of Authorised Dealers is invited to A.P. (DIR Series) Circulars No.6 dated September 24, 2001, No. 2 dated July 4, 2002 and No. 33 dated October 23, 2002, in terms of which manufacturer exporters/merchant exporters/traders of certain products and having export contracts of Rs.100 crore and above in value terms in one year, have been allowed a period upto 365 days from the date of shipment for realisation and repatriation of full value of the export of products specified therein.

2.         On a review, it has been decided to extend this facility for realisation of export proceeds upto 365 days from the date of shipment, for a further period of one year i.e. for shipment made upto September 30, 2004 of the products listed in the Annexure.

3.         Authorised Dealers may please bring the contents of this circular to the notice of their constituents concerned.

4.         The directions contained in this circular have been issued under section 10(4) and section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).