In view of the disruptions due to outbreak of COVID- 19 pandemic, RBI has decided to extend the time period for completion of remittances against normal imports (except in cases where amounts are withheld towards guarantee of performance etc. and excluding import of gold/diamonds and precious stones/ jewellery) from six months to twelve months from the date of shipment for such normal imports made on or before July 31, 2020.

 

Please find attached RBI notification for further details.