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DGFT Foreign Trade Policy Foreign Trade Policy (upto 31/03/2008) 2.41

Realisation of Export Proceeds

2.41

If an exporter fails to realise export proceeds within time specified by RBI, he shall, without prejudice to any liability or penalty under any law in force, be liable to action in accordance with provisions of FT (D&R) Act, Rules and Orders made there under and FTP.

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