TaxTMI 
TaxTMI 
WE HAVE EXPORTED INTO SEZ UNDER ADVANCE AUTHORISATION. NOW DGFT RAISE A QUERY REGARDING PAYMENT RECEIVED FROM SEZ FROM FOREIGN CURRENCY ACCOUNT. SO PAYMENT FROM FOREIGN CURRENCY ACCOUNT IS COMPLUSURY OR NOT??
PAYMENT FROM FOREIGN CURRENCY ACCOUNT WHILE DEEMED EXPORT TO SEZ
03 Jun 2020 
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Payment realization requirement: Exports to SEZ units discharge export obligations only when received in the foreign currency account.
Exports to SEZ units under advance authorisation qualify to discharge export obligations only when payment is realised from the SEZ unit's foreign currency account, while exports to SEZ developers or co developers can discharge obligations even if payment is realised in Indian rupees; authorisation holders must file the Bill of Export as per SEZ Rules, 2006. (AI Summary)
Exports to SEZ units under advance authorisation qualify to discharge export obligations only when payment is realised from the SEZ unit's foreign currency account, while exports to SEZ developers or co developers can discharge obligations even if payment is realised in Indian rupees; authorisation holders must file the Bill of Export as per SEZ Rules, 2006. (AI Summary)