TMI Blogexport in INRX X X X Extracts X X X X X X X X Extracts X X X X ..... Can export be made in INR... can some one provide the provisions if at all it is possible?? - Reply By YAGAY AND SUN - The Reply = Dear Ganesh There is no restriction on invoicing of export contr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... acts in Indian Rupees in terms of the Rules, Regulations, Notifications and Directions framed under the Foreign Exchange Management Act 1999. Further, in terms of Para 2.52 of the Foreign Trade Poli ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... cy (2015-2020) - All export contracts and invoices shall be denominated either in freely convertible currency or Indian rupees but export proceeds shall be realized in freely convertible currency. Ho ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... wever, export proceeds against specific exports may also be realized in rupees, provided it is through a freely convertible Vostro account of a non resident bank situated in any country other than a m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ember country of Asian Clearing Union (ACU) or Nepal or Bhutan. Indian Rupee is not a freely convertible currency, as yet. Regards, YAGAY and SUN - export in INR - Query Started By: - GANESH ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... IYER Dated:- 30-9-2015 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - tax ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... managementindia - 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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