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    <title>Clarification relating to export of services - sub-clause (iv) of the Section 2 (6) of the IGST Act 2017</title>
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      <description>Payments credited to Special Rupee Vostro Accounts opened by AD banks, under RBI&#039;s rupee settlement mechanism and the Foreign Trade Policy procedures, shall be regarded as satisfying the IGST export payment condition where exporters are paid export proceeds in Indian rupees from balances in designated correspondent bank Special Vostro Accounts, subject to applicable RBI and Foreign Trade Policy conditions and other statutory permissions.</description>
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