Export proceeds realisation period extended till March 2011
Current · Source: Reserve Bank of India · RBI/2009-10/513 · issued 29 Jun 2010 · ~2 min read
Quick answerRBI extends the 12-month period for export proceeds realisation and repatriation for goods/software until March 31, 2011. SEZ units and exports to overseas warehouses remain under existing rules. AD Category-I banks must inform customers.
The rule, in the simplest words
Exporters have 12 months to realise and repatriate export proceeds.
AD Category-I banks must inform customers about the extended deadline.
SEZ units and exports to overseas warehouses remain under existing rules.
How it plays out — a real example
Rahul, a forex & trade-finance officer in Indore, receives a notification from RBI about the extended deadline for export proceeds realisation. He updates the bank's internal systems and informs his export clients about the continued 12-month realisation period. Rahul also flags any potential delays in export bill realisation to ensure timely follow-up within the extended period.
What changed
The temporary relaxation allowing exporters 12 months (instead of 6 months) to realise and repatriate export proceeds, initially set to expire after one year, has been reviewed and extended up to March 31, 2011. No changes were made to the rules for SEZ units or exports to overseas warehouses.
What it means for you
Exporters get continued breathing room to bring back foreign exchange earnings, easing working capital pressure. Banks must update their internal systems and customer advisories to reflect the new deadline. The extension signals RBI's support for exporters amid global uncertainties, but the temporary nature means banks should prepare for a possible reversion to 6 months post-March 2011.
What you must do
Update internal compliance calendars and customer communication templates to reflect the extended deadline of March 31, 2011.
Advise all export clients about the continued 12-month realisation period and the unchanged rules for SEZ units and overseas warehouses.
Monitor export bills and ensure timely follow-up for realisation within the extended period, while flagging any potential delays early.
Prepare for a possible reversion to 6 months after March 2011 by reviewing export credit and forex risk management policies.
Who it affects
AD Category-I banks handling export bills, Exporters of goods and software, SEZ units (indirectly, as rules unchanged), Banks' trade finance and forex departments
RBI’s words: “to extend the above relaxation up to September 30, 2011”
📜 Read the original circular — full text as issued by RBI
RBI/2009-10/513
A.P. (DIR Series) Circular No.57
June 29, 2010
To
All Category - I Authorised Dealer Banks
Madam / Sir,
Export of Goods and Software – Realisation and
Repatriation of export proceeds – Liberalisation
Attention of Authorised Dealer Category-I (AD Category-I) banks is invited to A.P.(DIR Series) Circular No.70 dated June 30, 2009 increasing the period of realisation and repatriation to India of the amount representing the full export value of goods or software exported, from six months to twelve months from the date of export, subject to review after one year.
2. The issue has since been reviewed and it has been decided, in consultation with the Government of India, to extend the above relaxation up to March 31, 2011.
3. The provisions in regard to period of realisation and repatriation to India of the full export value of goods or software exported by a unit situated in a Special Economic Zone (SEZ) as well as exports made to warehouses established outside India remains unchanged.
4. AD Category - I banks may bring the contents of this circular to the notice of their constituents and customers concerned.
5. The Directions contained in this circular have been issued under sections 10(4) and 11(1) of the Foreign Exchange Management Act (FEMA), 1999 (42 of 1999) and are without prejudice to permissions/approvals, if any, required under any other law.
Yours faithfully,
( G. Jaganmohan Rao)
Chief General Manager
Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2009-10/513 · issued 29 Jun 2010. The plain-English explanation above is BankPulse’s own independent summary.
Example: if you are a Compliance officer at a bank this circular applies to (AD Category-I banks handling export bills, Exporters of goods and software, SEZ units (indirectly, as rules unchanged), Banks' trade finance and forex departments), your first concrete step on “Export proceeds realisation period extended till March 2011” is: “Update internal compliance calendars and customer communication templates to reflect the extended deadline of March 31, 2011.” (RBI issued this 29 Jun 2010).
Circular: RBI/2009-10/513 -- Export proceeds realisation period extended till March 2011
Issued: 29 Jun 2010
Action required: Update internal compliance calendars and customer communication templates to reflect the extended deadline of March 31, 2011.
Action required: Advise all export clients about the continued 12-month realisation period and the unchanged rules for SEZ units and overseas warehouses.
Action required: Monitor export bills and ensure timely follow-up for realisation within the extended period, while flagging any potential delays early.
Action required: Prepare for a possible reversion to 6 months after March 2011 by reviewing export credit and forex risk management policies.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________
Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.
💬 Banker Discussion
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BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly). Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=5749&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.
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