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).