Dear Sir,
We want to export to Nepal. Please advise :
1. Can we make Invoice in INR as we received payment in INR
2. Is there any specific format for Invoice
3. As Consignment move through Trucks (By Road), Where Custom Clearance formalities were done and who will send back ARE1 duly endorsed by custom.
With regards
Narendra Arora
Exporting to Nepal: Invoice in INR Allowed, No Specific Format Needed, Customs at Land Station A query regarding exporting goods to Nepal was raised, seeking advice on invoicing in INR, invoice format, and customs clearance procedures. The response highlighted that the Revised Treaty of Trade between India and Nepal, effective January 2012, equates exports to Nepal with those to other countries, except Bhutan. Exporters can invoice and receive payments in INR but may miss out on certain export incentives. The requirement for a specific invoice format has been removed. Customs clearance, including the endorsement of ARE-1 forms, occurs at the border's Land Customs Station, with the transporter responsible for returning the endorsed forms. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
