FEMA – 035/2002 – Dated:- 1-4-2002 – Export of Goods and Services – Facilities to Status Holder Exporters RESERVE BANK OF INDIAEXCHANGE CONTROL DEPARTMENTCENTRAL OFFICEMUMBAI 400 001 A.P.(DIR Series) Circular No.35 April 01, 2002 To All Authorised Dealers in Foreign Exchange Madam /Sirs, Export of Goods and Services – Facilities to Status Holder Exporters Attention of authorised dealers is invited to A.P. (DIR Series) Circular No. 12 dated September 9, 2000, containing directions regarding Export of Goods and Services. 2. With a view to simplifying the procedures regarding exports, it has been decided to extend the following facilities to the exporters with proven track record who have been certified as Status Holder Exporters in terms of
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nitoring purposes, by the exporters within 21 days from the date of shipment of export, ii. Enhancement in normal period for realisation of export proceeds – In terms of the second proviso made to Regulation 9 of Notification No.FEMA 23/2000-RB dated May 3, 2000,the Reserve Bank has been empowered to extend the period of six months for realisation and repatriation of export proceeds to India. It has now been decided that the exporters with proven track record who have been certified as Status Holder in terms of the EXIM Policy, realise and repatriate the full value of export proceeds within a period of twelve months from the date of shipment. These facilities will be available in respect of the shipment made on or after April 1, 2002. 3. Ne
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