Dear Expert
One of our clients wants to import merchandise from Iran into India
for which import invoice has been raised in Indian Rupee Currency
Thankful if you are able to guide me whether Import invoice in INR currency is permissible?
If so, kindly let us know the authority under which such payments are permitted for Import consignments into India
Warm Regards
Import Invoices in Indian Rupees for Iranian Goods Permissible, Check RBI Guidelines for Details A user inquired about the permissibility of import invoices being raised in Indian Rupees for merchandise imported from Iran into India. They requested guidance on whether such transactions are allowed and the relevant authority overseeing these payments. A respondent confirmed that it should be possible and provided a link to the Reserve Bank of India's website for further details. The original inquirer thanked the respondent for the prompt and helpful response. (AI Summary)
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