https://www.taxtmi.com/forum/issue?id=109223 Export contracts and invoices may be denominated in a freely convertible currency or in Indian rupees, but export proceeds must ordinarily be realized in a freely convertible currency; an exception permits realization in rupees when routed through a freely convertible Vostro account of a non resident bank situated outside the Asian Clearing Union and outside Nepal and Bhutan. Indian rupee is not a freely convertible currency. en-us Wed, 30 Sep 2015 10:40:40 +0530 Thu, 23 Jan 2025 15:56:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=109223 Export contracts and invoices may be denominated in a freely convertible currency or in Indian rupees, but export proceeds must ordinarily be realized in a freely convertible currency; an exception permits realization in rupees when routed through a freely convertible Vostro account of a non resident bank situated outside the Asian Clearing Union and outside Nepal and Bhutan. Indian rupee is not a freely convertible currency. Discussion-Forum Customs Wed, 30 Sep 2015 10:40:40 +0530 https://www.taxtmi.com/forum/issue?id=109223