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July 2013

A. P. (DIR Series) Circular No. 105 dated May 20, 2013

By Gaurang Gandhi, Chartered Accountant
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Export of Goods and Software – Realisation and Repatriation of export proceeds – Liberalisation

Presently, exporters were permitted to realise and repatriate the full value of goods or software exported up to 31st March, 2013 within twelve months from the date of export.

This circular provides that exporters are required to realise and repatriate the full value of goods or software exported up to 30th September, 2013 within nine months from the date of export. However, there are no changes in the provisions with respect to period of realisation and repatriation of the full export value of goods or software exported by a unit situated in a Special Economic Zone (SEZ) as well as exports made to warehouses established outside India.

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