MEIS BENEFIT FOR INT TRANSACTION

[Asked by Guest]

Dear Sir ,

We expecting order from UAE, Customer is ready to issue order in INR with LC. Can we do such transaction & we will get the MEIS benefit for said transaction. We checked with bank , bank will issue e-brc in INR Currency . Kindly advise us with details document prcoess.

AI Summary

MEIS eligibility depends on realization in foreign exchange; payment credited through a VOSTRO account may qualify.
Eligibility for the MEIS benefit depends on the nature of export proceeds realization: one view requires realisation in free foreign exchange, while an alternative view admits MEIS where payment-though in domestic currency-is realised through a VOSTRO account and evidenced by an e-BRC.