of the Authorized Dealers is invited to FE Circular No.
15 dated 15th August, 2003 regarding retention of export
proceeds in Special Foreign Currency Accounts of the exporter.
terms of Trade Policy Initiatives approved by the Government,
it has been decided to enhance the limit of retention
of export proceeds for exports of Pharmaceutical products
from 10% to 15%. All other terms and conditions mentioned
in the above Circular will remain unchanged.