https://www.taxtmi.com/forum/issue?id=116135 MEIS eligibility requires realization of export proceeds in freely convertible foreign currency or, where allowed, in INR only if received through a freely convertible Vostro account of a non-resident bank. Payments received and evidenced through a Nostro account do not meet this realization requirement; DGFT has therefore required banker confirmation of Vostro receipt and has denied MEIS entitlement where proceeds were received via Nostro. en-us Fri, 13 Mar 2020 18:03:17 +0530 Thu, 23 Jan 2025 15:54:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=116135 MEIS eligibility requires realization of export proceeds in freely convertible foreign currency or, where allowed, in INR only if received through a freely convertible Vostro account of a non-resident bank. Payments received and evidenced through a Nostro account do not meet this realization requirement; DGFT has therefore required banker confirmation of Vostro receipt and has denied MEIS entitlement where proceeds were received via Nostro. Discussion-Forum FEMA Fri, 13 Mar 2020 18:03:17 +0530 https://www.taxtmi.com/forum/issue?id=116135