MANNER OF PAYMENTS FOR IMPORTS IN INDIAN RUPEES, Customs - Exim - SEZ

[raghunandhaanan r vi]

Dear Expert

One of our clients wants to import merchandise from Iran into India

for which import invoice has been raised in Indian Rupee Currency

Thankful if you are able to guide me whether Import invoice in INR currency is permissible?

If so, kindly let us know the authority under which such payments are permitted for Import consignments into India

Warm Regards

Posts / Replies

[Govind Gupta]

Hi

should be possible, refer the below link for more details:-

https://rbi.org.in/SCRIPTs/BS_FemaNotifications.aspx?Id=10392

regards

Govind

[raghunandhaanan r vi]

Thank Sir for your quick and valuable response.

Warm Regards