MUMBAI, India, Nov. 14 -- Reserve Bank of India issued the following press release:
Reserve Bank has taken the following measures with a view to mitigate the impact of trade disruptions on exports arising on account of global headwinds.
A. FEMA Regulation on realization and repatriation of proceeds of export of goods/ software/ services and advance payment against exports
*
Extension in the time period for realisation and repatriation of full export value of goods/software/services exported from India from nine months to fifteen months from the date of export from India;
* Increase in the time period for shipment of goods from one year to three years from the date of receipt of advance payment or as per agreement, whichever is later....