A.P.(DIR Series) Circular No. 12/2002, Dt. 28/08/2002

Export of Goods and Services

Attention of all authorised dealers is invited to A.P.(DIR Series) Circular No. 5 dated August 27, 2001 in terms of which a period of 360 days from the date of shipment was allowed as a temporary measure from September 1, 2001 for realisation and repatriation of full value of goods/software exported to the countries included in the list annexed to the above circular. On a review, it has been decided to extend the facility for a further period of one year with effect from September 1, 2002 for export of goods/software to the countries included in the list annexed. Accordingly, from September 1, 2003, the exporters will be under obligation to realise full export proceeds within the prescribed period of six months from the date of export.

(Extend the above facility for a further peroid of one year with effect from September 1, 2003 to August 31, 2004 vide Cir. No. 12/2003-04-RB, Dt. 20/08/2003)

2. Authorised Dealers may bring the contents of this circular to the notice of their constituents concerned.

3. The directions contained in this circular have been issued under Section 10(4) and Section 11(1) of the Foreign Exchange Management Act, 1999 (42 of 1999).

Yours faithfully,
Grace Koshie
Chief General Manager

Annexure

1. Antigua
2. Argentina
3. Bahama
4. Barbados
5. Belige
6. Bermuda
7. Bolivia
8. Brazil
9. Chile
10. Colombia
11. Costa Rica
12. Cuba
13. Cyprus
14. Dominica
15. Dominican rep
16. El Salvador
17. Faeroe Is
18. Folkland Is
19. French Guiana
20. Gibraltar
21. Greenland
22. Grenada
23. Guadeloupe (French West Indies)
24. Guatemala
25. Guyana
26. Haiti
27. Honduras
28. Jamaica
29. Malta
30. Martinique
31. Mexico
32. Montserrat
33. Netherlands Antilles
34. Nicaragua
35. Panama excluding Canal Zone rep
36. Paraguay
37. Peru
38. St.Lucia
39. St.Pierre & Miqueion
40. St.Vincent
41. Surinam
42. Trinidad & Tobago
43. Uruguay

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