Mumbai: The Reserve Bank of India (RBI) on Wednesday extended realisation period of export proceeds as part of additional measures to deal with the economic disruption caused by coronavirus epidemic.
The value of the goods or software exports made by exporters is currently required to be realised fully and repatriated to the country within nine months from the date of exports. "In view of the disruption caused by the COVID-19 pandemic, the time period for realisation and repatriation of export proceeds for exports made up to or on July 31 has been extended to 15 months from the date of export," the RBI said in a statement.