EXPORT TO SEZ

[KG LTD]

Sir

We have a export to SEZ customer. Customer need invoice in USD but he will agree to pay the amount in Indian Rupees. Is our bank accept this transaction?

Who will file the Shipping bill for this export?

Also wants know all exports benafits are applicable to this export: i.e MEIS/DBK

How we can despatch the goods with payment of IGST or without payment - (LUT)

If we pay IGST - shall we get the refund?

Rgds/R Nalnidevi

[KASTURI SETHI]

Query-wise reply is as under:-

1. Yes.

2. No shipping bill required for supply of goods from DTA to SEZ unit.

3. Yes.

4. You can supply on payment of IGST or under LUT.

5. If you can get refund.

AI Summary

Export to SEZ procedures: foreign currency invoicing accepted, no shipping bill, IGST payment optional with refund available.
Supplies from DTA to SEZ units may be invoiced in foreign currency though payment may be received in Indian rupees, and banks will accept such transactions. No shipping bill is required for DTA SEZ supplies. Export incentive schemes apply. Supplies can be made on payment of IGST or under LUT, and IGST paid is eligible for refund.