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"A. Realisation of export proceeds
In terms of para 11(c) of AP (DIR Series) Circular No. 28
dated March 30,2001, units situated in Special Economic Zones
have been permitted to realize and repatriate to India the full
value of goods or software within a period of twelve months from
the date of export. It has now been decided to remove the
stipulation of twelve months or extended period thereof for
realization of export proceeds. Accordingly, there shall be no
prescription of any time limit for realization of exports made by
units in SEZs. However, the units in SEZs will continue to follow
the GR/PP/SOFTEX export procedure outlined in Part B of
Annexure to A.P. (DIR Series) Circular No. 12 dated September 9,
2000 as amended from time to time."