DTA supplied goods at SEZ - Order receive in US $

[SNEHAL SHAH]

Dear sir,

We are the manufacturing of Chemical products and export to various countries .

We will be receiving one order for supply at SEZ unit in US $ .

Can we supply our chemical product to SEZ and receive an amount in foreign currency .

Kindly suggest in this matter .

Regards,

SNE

AI Summary

SEZ Transactions in Foreign Currency Allow Duty Drawbacks, Not Applicable if Payment in INR; Official Sources Crucial A manufacturing company inquired about supplying chemical products to a Special Economic Zone (SEZ) and receiving payment in US dollars. Respondents confirmed that SEZs are treated as foreign territories, allowing transactions in foreign currency and eligibility for duty drawbacks. However, if payments are made in Indian Rupees (INR), duty drawbacks are not applicable. The discussion emphasized the importance of relying on official notifications and circulars for accurate information. One participant apologized for initially providing incorrect information and highlighted the need for careful and accurate responses on public forums to maintain credibility.