https://www.taxtmi.com/forum/issue?id=114319 The document concludes that EOU-to-EOU payments are not mandated to be in foreign currency; payments may be made in either Indian Rupee or foreign currency. GST treatment treats EOU-to-EOU transactions akin to domestic transactions for taxability. RBI guidance allows but does not require use of EEFC accounts for such payments, and transfers between EEFC accounts are not treated as foreign currency earnings for the supplier. en-us Fri, 16 Nov 2018 12:38:16 +0530 Thu, 23 Jan 2025 15:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114319 The document concludes that EOU-to-EOU payments are not mandated to be in foreign currency; payments may be made in either Indian Rupee or foreign currency. GST treatment treats EOU-to-EOU transactions akin to domestic transactions for taxability. RBI guidance allows but does not require use of EEFC accounts for such payments, and transfers between EEFC accounts are not treated as foreign currency earnings for the supplier. Discussion-Forum FEMA Fri, 16 Nov 2018 12:38:16 +0530 https://www.taxtmi.com/forum/issue?id=114319