https://www.taxtmi.com/article/detailed?id=13820 Export proceeds received in local currency can qualify as realization in foreign exchange for export incentives if routed through a Freely Convertible Vostro Account of a non resident bank (outside the Asian Clearing Union, Nepal, and Bhutan) or through a Special Rupee Vostro Account. Special FTP provisions allow local currency realization for exports to Iran and permit local currency settlement with neighbouring countries subject to central bank and FTP conditions. Exporters must maintain prescribed routing and documentary evidence to preserve eligibility for incentives and to comply with FEMA/FTP requirements. en-us Mon, 17 Mar 2025 07:49:23 +0530 Mon, 17 Mar 2025 07:49:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=13820 Export proceeds received in local currency can qualify as realization in foreign exchange for export incentives if routed through a Freely Convertible Vostro Account of a non resident bank (outside the Asian Clearing Union, Nepal, and Bhutan) or through a Special Rupee Vostro Account. Special FTP provisions allow local currency realization for exports to Iran and permit local currency settlement with neighbouring countries subject to central bank and FTP conditions. Exporters must maintain prescribed routing and documentary evidence to preserve eligibility for incentives and to comply with FEMA/FTP requirements. Articles Customs - Import - Export - SEZ Mon, 17 Mar 2025 07:49:23 +0530 https://www.taxtmi.com/article/detailed?id=13820