RBI may double time limit for export realisation

st harvest treatment and operations, plant protection, processing, packaging, storage and related research and development.  Duty-free import entitlement was also made available for status holders having a minimum export turnover of Rs.25 crore (in free foreign exchange).  Duty -ree entitlement shall be 10 per cent of incremental growth in exports and can be used for import of capital goods, office equipment and inputs for their own factory or the factory of the associate/supporting manufacturer/job worker.  Similarly, annual advance licence facility for status holders was introduced to enable them to plan imports of raw material and components on an annual basis and take advantage of bulk purchases.