Export to Nepal under Rebate if payment received in Indian Currancy

[KALYAN CHAUDHARY]

Hi,

Can I avail the benifit of Rebate of excise duty , if  I Export the material with payment of duty  to Nepal and payment received in Indian Currancy and Commercial / Export Invioce maintain or not ?

AI Summary

Rebate of excise duty applicable for exports to Nepal even when payment is received in Indian rupees per regulatory guidance.
Rebate of excise duty on exports to Nepal is permissible even when payment is received in Indian rupees; FEMA directions exempt transactions in Indian rupees with residents and branches in Nepal and Bhutan from certain exchange control prohibitions, and administrative customs/central excise circulars confirm allowance of rebate claims irrespective of payment currency for documented exports.