RBI Allows Repatriation of Full Export Value From ‘Bharat Mart’ UAE Within 9 Months of Sale From Warehouse
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- Last Updated on 26 April, 2025
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Circular No. RBI/2025-26/30 A.P. (DIR Series) Circular No. 03, Dated: 23.04.2025
To boost exports via ‘Bharat Mart’ in UAE, the RBI has permitted AD banks to allow Indian exporters to repatriate export proceeds within 9 months from the date of sale from the warehouse. Further, exporters with a valid IEC may open/hire warehouses and remit funds for initial and recurring operational expenses without prior approval, subject to reasonableness. The above instructions shall come into force with immediate effect.
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