Duty drawback in case of goods sold to Nepal & payment received in Indian Rupees

[Asked by Guest]

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.

AI Summary

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.