International trade settlement in INR enables invoicing and settlement via Special Rupee Vostro Accounts under RBI guidance. The framework permits invoicing and settlement of exports and imports in INR through Special Rupee Vostro Accounts, with market-determined exchange rates, AD bank facilitation subject to RBI guidance, and compliance with documentation, reporting and due diligence requirements.
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Provisions expressly mentioned in the judgment/order text.
International trade settlement in INR enables invoicing and settlement via Special Rupee Vostro Accounts under RBI guidance.
The framework permits invoicing and settlement of exports and imports in INR through Special Rupee Vostro Accounts, with market-determined exchange rates, AD bank facilitation subject to RBI guidance, and compliance with documentation, reporting and due diligence requirements.
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