TaxTMI 
TaxTMI 
We need export printed books to USA, but payment will be made by Indian company in INR. Is this possible?
export clarificcation
19 Jan 2016 
1 Reply 
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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)
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)