FEMA – 025 – Dated:- 1-11-2004 – Export of Goods and Services Period of Realisation for Export Oriented Units (EOUs) RBI/2004-05/264A.P. (DIR Series) Circular No. 25 November 1, 2004 ToAll Banks Authorised to Deal in Foreign Exchange Madam / Sirs, Export of Goods and Services Period of Realisation for Export Oriented Units (EOUs) Attention of Authorised Dealer (AD) banks is invited to the proviso 3 of sub-regulation (1) of Regulation 9 of Notification No. FEMA 23/2000-RB dated May 3, 2000 in terms of which the Reserve Bank has been empowered to extend the period for realisation and repatriation of export proceeds to India beyond six months. 2. Following the announcement by the Government in the Foreign Trade Policy in September 2004, it ha
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