No extra time for realising export proceeds


No extra time for realising export proceeds

MUMBAI: With the rupee under pressure, the RBI has rolled back an earlier move to give exporters more time to bring in export proceeds from Oct 2026. In Jan, the RBI had allowed exporters 15 months from the date of shipment or invoice to realise and repatriate the proceeds from Oct. The Sept amendment retains the existing nine month limit for future.The RBI has made a similar change for goods exported to overseas warehouses, cutting the period from 15 months to nine months from the date of sale. For exports invoiced or settled in Indian rupees, the timeline has been reduced to 12 months from 18 months. The Jan regulations had provided the longer 18-month window with effect from Oct.The latest amendment does not remove the flexibility available to exporters facing delays. Authorised dealers can still extend the deadline if an exporter provides reasons for the delay and the bank is satisfied with them.



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