TaxTMI 
TaxTMI 
Can export be made in INR... can some one provide the provisions if at all it is possible??
export in INR
30 Sep 2015 
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Export invoicing in domestic currency permitted, but export proceeds generally must be realized in a freely convertible currency with limited Vostro exceptions.
Export contracts and invoices may be denominated in a freely convertible currency or in Indian rupees, but export proceeds must ordinarily be realized in a freely convertible currency; an exception permits realization in rupees when routed through a freely convertible Vostro account of a non resident bank situated outside the Asian Clearing Union and outside Nepal and Bhutan. Indian rupee is not a freely convertible currency. (AI Summary)
Export contracts and invoices may be denominated in a freely convertible currency or in Indian rupees, but export proceeds must ordinarily be realized in a freely convertible currency; an exception permits realization in rupees when routed through a freely convertible Vostro account of a non resident bank situated outside the Asian Clearing Union and outside Nepal and Bhutan. Indian rupee is not a freely convertible currency. (AI Summary)