RBI Extends Export Proceeds Repatriation to 15 Months
The Reserve Bank of India has granted significant relief to exporters by extending the deadline for bringing home shipment proceeds from 9 to 15 months. This move addresses the stress faced by exporters grappling with recent US tariff hikes.
Key Takeaways
- Export proceeds repatriation period extended from 9 to 15 months
- Comes as relief against 50% US tariffs on Indian goods
- Government approved ₹45,000+ crore export support schemes
- Similar extension was granted during COVID-19 in 2020
Addressing Export Sector Distress
Exporters have been facing significant challenges since the United States imposed a steep 50% tariff on Indian goods effective August 27. The current regulations required full realization and repatriation of export value within nine months from shipment date.
The RBI notification dated November 13, issued by Regional Director Rohit P Das, states: “These regulations may be called the Foreign Exchange Management (Export of Goods and Services) (Second Amendment) Regulations, 2025.”
“They shall come into force from the date of their publication in the Official Gazette,” the notification stated.
Government’s Comprehensive Export Support
This regulatory change follows the government’s approval of two major export promotion schemes with combined outlay exceeding ₹45,000 crore. The Export Promotion Mission (₹25,060 crore) and Credit Guarantee Scheme (₹20,000 crore) were approved on Wednesday.
Prime Minister Narendra Modi emphasized that the Export Promotion Mission will enhance export competitiveness, support MSMEs, assist first-time exporters, and benefit labor-intensive sectors.
The RBI had previously extended the repatriation timeframe to 15 months during the COVID-19 pandemic in 2020, indicating this measure as strategic support during challenging periods for exporters.
