Exporters are lobbying for an exemption from the 45-day payment rule to MSMEs.
Approximately 150,000 exporters, with representation from up to 15 export promotion councils such as the Federation of Indian Export Organisations, have voiced apprehensions regarding a certain provision. They argue that it would affect their liquidity since payments for exports typically arrive with an average delay of 120 days, despite the Reserve Bank of India's allowance of a nine-month window for realizing export proceeds, which sometimes proves insufficient given longer processing times.
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