https://www.taxtmi.com/circulars?id=65997 Para 5.11 of the Handbook of Procedures is amended to permit export proceeds to be realized in freely convertible foreign currency or in Indian Rupees as per para 2.53 of the Foreign Trade Policy, excluding deemed exports. Exports to SEZ units and supplies to developers/co-developers count for Export Obligation regardless of currency, and SEZ supplies must be realized from the SEZ unit's foreign currency account. The amendment aligns Para 5.11 with the RBI A.P. (DIR Series) Circular No.10 and takes immediate effect. en-us Wed, 09 Nov 2022 00:00:00 +0530 Wed, 09 Nov 2022 18:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=65997 Para 5.11 of the Handbook of Procedures is amended to permit export proceeds to be realized in freely convertible foreign currency or in Indian Rupees as per para 2.53 of the Foreign Trade Policy, excluding deemed exports. Exports to SEZ units and supplies to developers/co-developers count for Export Obligation regardless of currency, and SEZ supplies must be realized from the SEZ unit's foreign currency account. The amendment aligns Para 5.11 with the RBI A.P. (DIR Series) Circular No.10 and takes immediate effect. Circulars DGFT Wed, 09 Nov 2022 00:00:00 +0530 https://www.taxtmi.com/circulars?id=65997