Export proceeds in local currency allowed equal export incentive entitlement for exports to Iran under the Foreign Trade Policy. Export proceeds from exports to Iran realized in local currency are permitted to avail export benefits and incentives under the Foreign Trade Policy at par with proceeds realized in freely convertible currency; this follows deletion of the word 'specific' from Para 2.40A, removing the limiting qualification and restoring parity of incentive entitlement for local currency realization.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Export proceeds in local currency allowed equal export incentive entitlement for exports to Iran under the Foreign Trade Policy.
Export proceeds from exports to Iran realized in local currency are permitted to avail export benefits and incentives under the Foreign Trade Policy at par with proceeds realized in freely convertible currency; this follows deletion of the word 'specific' from Para 2.40A, removing the limiting qualification and restoring parity of incentive entitlement for local currency realization.
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