export of goods
and services
A.P. (DIR Series) (2001-2002) Circular No. 5, dated 27-8-2001
Attention
of all authorised dealers is invited to the second proviso to Regulation 9 of
the Reserve Bank Notification No. FEMA 23/2000-RB dated May 3, 2000, empowering
Reserve Bank to extend the period of six months within which the amount
representing full export value of goods or software export shall be realized
and repatriated to India.
2. It has
been decided, as a temporary measure, to allow a period of 360 days (in place
of existing six months), from the date of shipment, for realisation and
repatriation of full value of goods/software exported to the countries included
in the list annexed.
3. The
relaxation in the period of realisation will be available for one year with
effect from September 1, 2001, that is, to the exports to be made on or after
September 1, 2001. Accordingly, from September 1, 2002, the exporters will be
under obligation to realise full export proceeds within the prescribed period
of six months from the date of export.
4. Authorised
dealers may bring the contents of this circular to the notice of their
constituents concerned.
5. 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). Any
contravention or non-observance of these directions is subject to the penalties
prescribed under the Act.
|
1. |
Antigua |
|
2. |
Argentina |
|
3. |
Bahama |
|
4. |
Barbados |
|
5. |
Belige |
|
6. |
Bermuda |
|
7. |
Bolivia |
|
8. |
Brazil |
|
9. |
Chile |
|
10. |
Colombo |
|
11. |
Costa Rica |
|
12. |
Cuba |
|
13. |
Cyprus |
|
14. |
Dominica |
|
15. |
Dominican rep |
|
16. |
El Salvador |
|
17. |
Faeroe Is |
|
18. |
Folkland Is |
|
19. |
French Guiana |
|
20. |
Gibraltar |
|
21. |
Greenland |
|
22. |
Grenada |
|
23. |
Guadeloupe (French West Indies) |
|
24. |
Guatemala |
|
25. |
Guyana |
|
26. |
Haiti |
|
27. |
Honduras |
|
28. |
Jamaica |
|
29. |
Malta |
|
30. |
Martinique |
|
31. |
Mexico |
|
32. |
Monstserrat |
|
33. |
Netherlands Antilles |
|
34. |
Nicaragua |
|
35. |
Panama excluding Canal Zone rep |
|
36. |
Paraguay |
|
37. |
Peru |
|
38. |
St. Lucia |
|
39. |
St. Pierre & Miqueion |
|
40. |
St. Vincent |
|
41. |
Surinam |
|
42. |
Trinidad & Tobago |
|
43. |
Uruguay |