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Our Bureau

Mumbai , Sept. 13

THE Reserve Bank of India has discontinued the facility for realisation and repatriation of full value of goods or software exported to Latin American countries within 360 days with retrospective effect from September 1, 2004.

This facility was extended up to August 31, 2004 for few Latin American countries, subject to review by RBI.

The exporters exporting to these countries are under obligation to realise full export proceeds within the prescribed six months from the date of export for exports made on or after September 1.

More Stories on : RBI & Other Central Banks | Exports & Imports | Forex | Software

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