https://www.taxtmi.com/manuals?id=4106 Export contracts and invoices may be denominated in a freely convertible currency or Indian rupees, but export proceeds must be realized in a freely convertible currency; proceeds may be realized in rupees only if routed through a freely convertible Vostro account of a non resident bank located outside ACU member countries, Nepal and Bhutan. The Indian rupee is not treated as freely convertible. Trade transactions use the April-March financial year basis. en-us Mon, 25 Dec 2023 12:26:00 +0530 Fri, 20 Feb 2026 14:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/manuals?id=4106 Export contracts and invoices may be denominated in a freely convertible currency or Indian rupees, but export proceeds must be realized in a freely convertible currency; proceeds may be realized in rupees only if routed through a freely convertible Vostro account of a non resident bank located outside ACU member countries, Nepal and Bhutan. The Indian rupee is not treated as freely convertible. Trade transactions use the April-March financial year basis. Manuals FEMA Mon, 25 Dec 2023 12:26:00 +0530 https://www.taxtmi.com/manuals?id=4106