A.P. (DIR Series) Circular No. 02/2002-03-RB, Dt. 04/07/2002

Export of Goods and Services

To,

All Authorised Dealers in Foreign Exchange

Madam/Sirs,

Attention of all authorised dealers is invited to A.P.(DIR Series) Circular No.6 dated 24th September 2001 in terms of which manufacturer exporters of certain products and having export contracts of Rs.100 crore and above in value terms in one year have been allowed a period upto 365 days from the date of shipment for the realisation and repatriation of full value of the exports of products specified.

2. On review it has been decided to include products of aluminium, petroleum products, sugar and foodgrains as eligible products for exports with extended period of realisation. It is clarified that the above facility would also be available to merchant exporters / traders.

3. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned.

4. The directions contained in the circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).

Yours faithfully,
Grace Koshie
Chief General Manager

(Extention of facility for realisation of export proceeds upto 365 days from the date of shipment, for a further period of one year i.e. for shipment made upto September 30, 2004 of the products listed in the Annexure vide Cir. No. 30/2003-04-RB, Dt. 21/10/2003)

(Pl. refer A.P. (DIR Series) Cir. No. 33/2002-03-RB, Dt. 23/10/2002 for - Extend this facility for realisation of export proceeds upto 365 days from the date of shipment, for a further period of one year i.e. for shipment of the products listed in the Annexure made upto September 30, 2003)

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