FEM (GUARANTEES) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATION 4

FEM (GUARANTEES) (SECOND AMENDMENT) REGULATIONS, 2013 - AMENDMENT IN REGULATION 4

NOTIFICATION [NO.FEMA.267/RB-2013]/SO 573(E), DATED 5-3-2013

In exercise of the powers conferred by clause (j) of sub-section 3 of section 6 and sub-section (2) of section 47 of the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby makes the following amendments in the Foreign Exchange Management (Guarantees) Regulations, 2000, (Notification

EXPORT PROCEEDS SHOULD BE REALISED WITHIN SIX MONTHS FROM THE DATE OF EXPORT

Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P. (DIR Series) Circular No. 52 dated November 20, 2012 extending the enhanced period for realization and repatriation to India, of the amount representing the full value of goods or software exported, from six months to twelve months from