TaxTMI 
TaxTMI 
Dear Sir,
Can a exporter receive duty drawback , if he has sold goods to Nepal & payment is received from the party in Indian Rupees. Please guide.
Duty drawback in case of goods sold to Nepal & payment received in Indian Rupees
13 Sep 2016 
3 Replies 
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Realisation of export proceeds: duty drawback requires foreign currency realisation or receipt via eligible Vostro account.
Eligibility for duty drawback on exports to Nepal depends on realization: export proceeds must be realized in freely convertible foreign currency or, alternatively, received in rupees only through a freely convertible Vostro account of a non-resident bank located outside ACU member countries and outside Nepal and Bhutan; otherwise duty drawback is not available. (AI Summary)
Eligibility for duty drawback on exports to Nepal depends on realization: export proceeds must be realized in freely convertible foreign currency or, alternatively, received in rupees only through a freely convertible Vostro account of a non-resident bank located outside ACU member countries and outside Nepal and Bhutan; otherwise duty drawback is not available. (AI Summary)