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
KG LTD Clarifies SEZ Export: USD Invoice, INR Payment Accepted; Export Benefits Apply, IGST Options Available, Refunds Possible KG LTD inquired about exporting to a Special Economic Zone (SEZ) where the customer requests an invoice in USD but will pay in Indian Rupees. They asked if their bank would accept this transaction, who would file the shipping bill, and if export benefits like MEIS/DBK apply. Additionally, they sought guidance on dispatching goods with or without IGST payment and refund eligibility. The response clarified that the bank would accept the transaction, no shipping bill is needed for DTA to SEZ supply, export benefits apply, goods can be supplied with IGST payment or under LUT, and refunds are possible. (AI Summary)
TaxTMI 
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TaxTMI 
