RBI allows a nine-month realisation period and operational remittances for Indian exporters using warehouses at ‘Bharat Mart’ in UAE.
The Reserve Bank of India (RBI), through A.P. (DIR Series) Circular No. 03 dated April 23, 2025, has announced huge relaxations for Indian exporters utilizing the warehousing facilities at ‘Bharat Mart’ — a multimodal logistics hub being developed in the United Arab Emirates (UAE). As per the circular, exporters will now be allowed to realise…
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