TMI BlogREPATRIATION OF EXPORT - CONVERTIBLE FOREIGN EXCHANGEX X X X Extracts X X X X X X X X Extracts X X X X ..... Section 2(6)(iv) of IGST Act requires that the payment for such service has been received by the supplier of service in convertible foreign exchange or in Indian rupees wherever permitted by the Re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... serve Bank of India. In one case the exporter did not receive payment for his services but made 'Net Settlement Account' by which the dues of the importer and exporter are set off. Whether suc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... h action fulfills the conditions of Section 2(6)(iv) of IGST Act ? - Reply By KASTURI SETHI - The Reply = Dear Sir, For offsetting of export proceeds, please go through para 2.74 of Hand B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ook Procedures, 2023 . Special permission of RBI is required and Appendix-2 L is to be submitted. - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = Thank you very much sir. - Reply By Shilpi Ja ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in - The Reply = Settlement by way of netting off is a valid mode of payment. Will be regarded as compliance. - REPATRIATION OF EXPORT - CONVERTIBLE FOREIGN EXCHANGE - Query Started By: - DR.MARIAP ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... PAN GOVINDARAJAN Dated:- 16-5-2023 Customs - Import - Export - Customs - SEZ - Got 3 Replies - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Managemen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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