Thursday, June 13, 2013

RBI Circulars

1. The units located in SEZs shall realize and repatriate, full value of goods/software/services, to India within a period of twelve  months from the date of export. Any extension of time beyond the above  stipulated period may be granted by Reserve Bank of India, on case to case  basis. See the circular

2.Repatriate export related  remittances by entering into standing arrangements with Online Payment Gateway Service Providers (OPGSPs) for export of goods and services for value not exceeding USD 3000 per transaction, subject to the conditions stipulated. See the circular

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