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    <title>Export to Iran payment under Indian rupee</title>
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    <description>Exports realised in Indian rupees for shipments to Iran may qualify for export incentives under the Foreign Trade Policy provided exporters meet documentary and foreign exchange realisation requirements; key operational questions include whether pre-shipment invoices may be in Indian rupees and whether clearance under a Letter of Undertaking without duty payment is compliant when payment is routed through correspondent banks rather than an LC, with procedural adherence to central bank master circular guidance on rupee export receipts.</description>
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