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Can an Indian Party capitalize the proceeds of the exports to its overseas JV/WOS?

April 26, 2017capitalize exports indian jv overseas party proceeds wos

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Can an Indian Party capitalize the proceeds of the exports to its overseas JV/WOS?

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A. Yes, capitalization of export proceeds by an Indian Party, to its overseas JV/WOS, is permitted under the automatic route provided the export proceeds have not remained unrealised beyond a period of six months from the date of export. Such proceeds shall not be capitalized without the prior permission of the Reserve Bank.