RBI's Relaxation on Realisation and Repatriation of Export Proceeds

IICCI_Communications
Apr 9, 2020
1 min read

The Government of India, as well as the Reserve Bank, has been receiving representations from Exporters Trade bodies to extend the period of realisation of export proceeds in view of the outbreak of pandemic COVID- 19. It has, therefore, been decided, in consultation with the Government of India, to increase the present period of realization and repatriation

The official document can be read here

9 Comments

122real

Jul 05

That's good news for exporters! The pandemic created so much uncertainty and delays in international trade. Extending the realization period offers some much-needed breathing room. During the initial lockdowns, when internet access was spotty, waiting for payments felt like an eternity. To kill time while offline, I played the Dinosaur Game on Chrome way too much! Hopefully, this eases some of the financial strain and allows businesses to recover stronger.

Tiny

Mar 26

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