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RBI reverses forex relaxation for SEZs

RBI reverses forex relaxation for SEZs

Rediff.com25 Jun 2013

Clamping down on the delays in repatriating foreign exchange earnings, the Reserve Bank of India (RBI) has tightened norms for special economic zones (SEZs), asking them to realise and bring back full value of goods and services to India within a year from the date of export.