https://www.taxtmi.com/forum/issue?id=108878 Query addresses handling of supplies treated as deemed export where an advance license permits duty-drawback claims for certain items but additional goods were supplied with buyer undertaking they will not be claimed. Invoices are in foreign and domestic currency while receipts are partly in domestic currency and partly in freely convertible foreign currency. Core issues: whether bills and bank records should be processed in INR or FC; whether partial billing is permissible or full invoice lodging required when no foreign inward remittance certificate exists for INR receipts; how banks should treat FC invoices if full payment is received in INR; and whether banks must endorse or invalidate advance licenses, prevent duplicate utilisation of INR amounts, and issue eBRCs proportionate to amounts received. en-us Sat, 11 Jul 2015 15:26:08 +0530 Thu, 23 Jan 2025 15:56:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=108878 Query addresses handling of supplies treated as deemed export where an advance license permits duty-drawback claims for certain items but additional goods were supplied with buyer undertaking they will not be claimed. Invoices are in foreign and domestic currency while receipts are partly in domestic currency and partly in freely convertible foreign currency. Core issues: whether bills and bank records should be processed in INR or FC; whether partial billing is permissible or full invoice lodging required when no foreign inward remittance certificate exists for INR receipts; how banks should treat FC invoices if full payment is received in INR; and whether banks must endorse or invalidate advance licenses, prevent duplicate utilisation of INR amounts, and issue eBRCs proportionate to amounts received. Discussion-Forum Customs Sat, 11 Jul 2015 15:26:08 +0530 https://www.taxtmi.com/forum/issue?id=108878