Revision in the Limits for write off of export proceeds
As per the current regulation on export of goods and services, Every Indian exporter is required to get its proceeds realized within 12 months from the date of export. Indian foreign trade policy provides relaxation to the exporters saying that realization of export proceeds shall not be insisted under any of the export promotion schemes under this Foreign Trade Realization Policy, if the Reserve Bank of India (RBI) writes off the requirement of realization of export proceeds on merits. Mr. Manoj Kumar Vice President +919910688433 manoj@indiacp.com For write-off of unrealised export bills, Reserve Bank of India has stipulated different limits which have been revised by the RBI vide its circular No. 88 dated March 12, 2013 given as follows: