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    <title>Denomination of Export Contracts of the Foreign Trade Policy - Insertion of Para 2.54(d) under the Foreign Trade Policy in sync with RBI A.P.(DIR Series) Circular No.10 dated 11th July 2022.</title>
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    <description>The Foreign Trade Policy now permits invoicing, payment and settlement of exports and imports in INR through Special Rupee Vostro Accounts of correspondent banks, whereby Indian importers credit INR payments to the correspondent&#039;s Special Vostro account against invoices and Indian exporters are paid export proceeds in INR from balances in the designated Special Vostro account, aligning the Policy with the RBI A.P.(DIR Series) Circular and taking immediate effect.</description>
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      <description>The Foreign Trade Policy now permits invoicing, payment and settlement of exports and imports in INR through Special Rupee Vostro Accounts of correspondent banks, whereby Indian importers credit INR payments to the correspondent&#039;s Special Vostro account against invoices and Indian exporters are paid export proceeds in INR from balances in the designated Special Vostro account, aligning the Policy with the RBI A.P.(DIR Series) Circular and taking immediate effect.</description>
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