PTI New Delhi

The Reserve Bank has permitted exporters to bring proceeds of their shipments in 15 months as against the prevailing timeframe of 9 months in view of stress being faced by them. Exporters are facing issues due to a steep tariff imposed by the US on Indian shipments since August. The US imposed a steep 50 per cent tariff on goods from India, which took effect on August 27.

Currently, the value of goods or software exports made by exporters is required to be realised fully and repatriated to the country within a period of nine months from the date of export. The changes have been made following amendments to the Foreign Exchange Management (Export of Goods & Services) Regulations.

These regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025, a gazette notification dated November 13 signed by RBI regional director Rohit P Das said. "They shall come into force from the date of their publication in the Official Gazette," it said. The Reserve Bank of India (RBI) had extended this timeframe for exporters to 15 months during 2020 during the COVID-19 period.

RBI eases repatriation, credit norms for exporters

The RBI on Friday announced measures to ease credit and repatriation norms for exporters from 20 sectors. The relief measures come at a time when the country's top export destination, the US, has imposed steep tariffs on Indian goods.  Among the measures to ease credit availability for exporters, the RBI has allowed banks to grant a moratorium on payment of all term loan instalments between September 1 and December 31.