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Issue ID: 109749

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export clarificcation

19 Jan 2016

1 Reply

1033 Views

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Home-currency payment for exported printed books permitted only when routed through the buyer's Vostro account.
Payment by a foreign buyer in the exporter's domestic currency for exported printed books is permissible only where the remittance is received through the buyer's Vostro Account, reflecting the payment routing requirement under foreign exchange rules applicable to such exports. (AI Summary)

We need export printed books to USA, but payment will be made by Indian company in INR. Is this possible?

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Old Query - New Comments are closed.

YAGAY and SUN

Replied on Jan 20, 2016

Only in one case when payment is received by you through their VOSTRO Account.

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