As per the FEMA and the rules framed there under Any Export of Goods & software from India the full amount has to be received by the Exporter with in stipulated time period of 6 Months . Relaxation has been given to some units in SEZ area .
But since 30th June 2009 , RBI has relaxed this guidelines by way of circular issued from time to time . The six month time period is relaxed and it is made 12 months . So all Exports procedds must be received with in 12 month
The latest circular has been issued on 1st Nov as the earlier circular was valid up to 31st October
Refer the circular in the link below
http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CAPD40011111.pdf
But since 30th June 2009 , RBI has relaxed this guidelines by way of circular issued from time to time . The six month time period is relaxed and it is made 12 months . So all Exports procedds must be received with in 12 month
The latest circular has been issued on 1st Nov as the earlier circular was valid up to 31st October
Refer the circular in the link below
http://rbidocs.rbi.org.in/rdocs/Notification/PDFs/CAPD40011111.pdf
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