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of <h1>Tourist Transport Operators Can Use INR Payments to Fulfill EPCG Export Obligations, Says DGFT Circular.</h1> The circular addresses the acceptance of payments received in Indian Rupees by Tourist Transport Operators under the EPCG Scheme for discharging export obligations. It clarifies that payments from foreigners in Indian Rupees against encashment certificates, from travel agents or tour operators for services used by foreign tourists, from foreign airlines against repatriable earnings, and from diplomats or international organizations out of convertible foreign exchange will be considered as fulfilling export obligations. However, travel agents or tour operators cannot count such foreign exchange earnings towards their own EPCG authorizations. This directive is approved by the DGFT.
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