https://www.taxtmi.com/forum/issue?id=4816 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. en-us Sat, 13 Oct 2012 11:31:46 +0530 Thu, 23 Jan 2025 15:57:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=4816 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. Discussion-Forum FEMA Sat, 13 Oct 2012 11:31:46 +0530 https://www.taxtmi.com/forum/issue?id=4816