Export proceeds in Indian Rupees permitted to fulfil Foreign Trade Policy export benefits and obligations under revised FTP rules. FTP amendments permit invoicing, payment and settlement of specified exports and imports in Indian Rupees in alignment with the RBI circular. Revisions: para 2.46 allows exports of goods imported for export to be realised in freely convertible currency or as permitted by the FTP; para 2.53 permits export realisations in Indian Rupees (including exports to Iran and those under the referenced sub paragraph) to avail FTP benefits and fulfil export obligations subject to FTP conditions; para 3.20 counts status holder export performance in either freely convertible currencies or Indian Rupees realised as permitted; para 4.21 recognises realisation in Indian Rupees where applicable.
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 Indian Rupees permitted to fulfil Foreign Trade Policy export benefits and obligations under revised FTP rules.
FTP amendments permit invoicing, payment and settlement of specified exports and imports in Indian Rupees in alignment with the RBI circular. Revisions: para 2.46 allows exports of goods imported for export to be realised in freely convertible currency or as permitted by the FTP; para 2.53 permits export realisations in Indian Rupees (including exports to Iran and those under the referenced sub paragraph) to avail FTP benefits and fulfil export obligations subject to FTP conditions; para 3.20 counts status holder export performance in either freely convertible currencies or Indian Rupees realised as permitted; para 4.21 recognises realisation in Indian Rupees where applicable.
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