Section 8 in The Foreign Exchange Regulation Rules, 1974
8. [ Period within which export value of goods to be realised
.-The amount representing the full export value of the goods exported shall be realised and be paid to the authorised dealer on the due date for payment or within six months from the date of shipment of the goods whichever is earlier:Provided that, where the goods are exported to a warehouse established out-side India with the permission of the Reserve Bank, the amount representing full export value of the goods exported shall be paid to the authorised dealer as soon as it is realised and in any case within fifteen months from the date of shipment of goods:Provided further that the Reserve Bank may, for sufficient and reasonable cause shown, extend the said period.]
