Extension of realisation period of export proceeds and allowing States to borrow more
The Reserve Bank of India has announced more measures to fight economic disruptions caused by the Coronavirus, like extension of realisation period of export proceeds and allowing States to borrow more.
“Presently value of the goods or software exports made by the exporters is required to be realized fully and repatriated to the country within a period of 9 months from the date of exports. In view of the disruption caused by the COVID-19 pandemic, the time period for realizati