Life will be easier for exporters now

MONETARY POLICY 2008-09/ POLICY AND BUSINESS

The credit policy offers exporters greater flexibility in realising and repatriating their export proceeds and addresses some of their long-standing demands.

At present, exporters are required to realise and repatriate to India, the full export value of goods or software exported within six months from the date of export. Now, exporters can realise and repatriate the full value of export proceeds within a period of 12 months from the date of export.