TaxTMI 
TaxTMI 
We need to do export from India to US or Eurpoean Countries, invoicing will be in Indian Rupees.
will there be any issue from FEMA point of view if we do invoicing in Indian Rupees
Regards,
Mukund M Honkan
Export from India in Indian Rupees
13 Oct 2012 
3 Replies 
20102 Views Asked by
Export invoicing in Indian Rupees permitted but export proceeds must be realised in freely convertible currency or via Vostro arrangements.
Export invoices may be denominated in Indian Rupees or in a freely convertible currency, but export proceeds must ordinarily be realised in a freely convertible currency; proceeds may be realised in rupees only if routed through a freely convertible Vostro account of a non resident bank situated outside ACU member countries, Nepal and Bhutan. The Indian Rupee is not treated as freely convertible, and special settlement rules apply for transactions with Nepal and Bhutan. (AI Summary)
Export invoices may be denominated in Indian Rupees or in a freely convertible currency, but export proceeds must ordinarily be realised in a freely convertible currency; proceeds may be realised in rupees only if routed through a freely convertible Vostro account of a non resident bank situated outside ACU member countries, Nepal and Bhutan. The Indian Rupee is not treated as freely convertible, and special settlement rules apply for transactions with Nepal and Bhutan. (AI Summary)