RBI'S restrictions on exporters

The RBI is set to impose new restrictions on Indian exporters. 

 Accordingly an exporter should receive full payment for the export within a period of 9 months.  or to bring the goods back to India within that period. 

 Otherwise he will be placed on the caution list. 

 After that, restrictions will be imposed on that particular exporter to carry out export-import business. 

 Accordingly, after receiving 100 percent advance payment, export can be done.  Or export through IRR LC.  If the exporter wants to import, he cannot advance payment. 

 This applies to both exports of goods and services.