https://www.taxtmi.com/highlights?id=33589 Cancellation of Advance licence - fulfilment of export obligation - The RBI has clarified that the ‘transaction in question pertains to exports from India against liquidation of rupee balance of the erstwhile USSR.’ - The contention of the revenue that the EXIM Policy did not permit the discharge of export obligation in Indian Rupees, is untenable - HC en-us Mon, 06 Mar 2017 10:45:37 +0530 Mon, 06 Mar 2017 10:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=33589 Cancellation of Advance licence - fulfilment of export obligation - The RBI has clarified that the ‘transaction in question pertains to exports from India against liquidation of rupee balance of the erstwhile USSR.’ - The contention of the revenue that the EXIM Policy did not permit the discharge of export obligation in Indian Rupees, is untenable - HC Highlights Customs Mon, 06 Mar 2017 10:45:37 +0530 https://www.taxtmi.com/highlights?id=33589