Time Limit for Export, Goods and Services Tax - GST

[Kaustubh Karandikar]

In case of

1) Export of Goods and

2) Export of Services, what is the time limit for realizing the amount in foreign currency?

3) Time limit for exporting the services

4) Time limit for export of goods.

What are the relevant Provisions under which it is mentioned?

Posts / Replies

[Shilpi Jain]

Time limit to realise forex

Export of goods - as allowed under FEMA

Export of services - 1 year

Time limit for export of goods - says 3 months

Pls see rules

[Kaustubh Karandikar]

Thanks shilpi ji for your kind advice. What is allowed under FEMA?

[JAIPRAKASH RUIA]

Export of Goods and Services- Realisation and Repatriation of Export Proceeds-Relaxation

RBI/2019-20/206 A. P. (DIR Series) Circular No. 27 April 01, 2020