Prescribed period, Marketing Research

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Prescribed Period: The amount representing the full export value of the goods exported shall be realised and be paid to the authorised dealer when it is due. The amount should be realised either on the due date for the payment or within six months from the date of shipment of the goods whichever is earlier. The period is extended to fifteen months where the goods are exported to a warehouse established outside India with the permission of the Reserve Bank. For exports to CIS countries and other East European countries Reserve Bank may permit realisation period upto 12 months. The Reserve Bank may extend the period of six months of twelve months or fifteen months if sufficient and reasonable causes are shown by the exporters.

 

 


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