TaxTMI 
TaxTMI 
Payments received from Nepal
X X X X Extracts X X X X
X X X X Extracts X X X X
....ayments received from Nepal<br> Query (Issue) Started By: - Deepak Birla . Dated:- 1-6-2017 Last Reply Date:- 2-6-2017 Customs - Exim - SEZ<br>Got 7 Replies<br>Customs<br>Sir, Kindly state the provisions where the benefit of Foreign Trade Policy is applicable for the Exports made to Nepal and payment is received in : (a)INR (b)Freely Convertible Currency (c) Nepalese rupee Thanks in advance. ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Reply By MUKUND THAKKAR: The Reply: which benefit are you looking for against this export as per FTP. ? Reply By KASTURI SETHI: The Reply: Exports to Nepal now at par with exports to other countries (except Bhutan) - DRP to Nepal withdrawn Circular No. 958/1/2012-CX., dated 13-1-2012 Reply By Deepak Birla .: The Reply: Thank you Kasturi Sir. It means that to avail the benefit of Advance Au....
X X X X Extracts X X X X
X X X X Extracts X X X X
....throization and also to avail the export incentives under Capter 3 of FTP , the export proceeds must be realized in foreign currency? Same goes for the Excise Duty benefits in case of Physical Exports. Reply By MUKUND THAKKAR: The Reply: chapter -3 group-c is covered NEPAL, so you are eligible for incentive under chapter-3. benefit against under advance authorization is available only subject t....
X X X X Extracts X X X X
X X X X Extracts X X X X
....o file the Bill of Export because shipping bill is possible in case of export by sea. by road Bill of Export is req. to be file. Reply By MUKUND THAKKAR: The Reply: in addition of above please read shipping bill in place of Bill of Export. Reply By Deepak Birla .: The Reply: Thank you Mukundji,But the query is that are these benefits applicable to me only if the export proceeds are realized i....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n freely convertible currency or the benefits are applicable even if the proceeds are realized in INR or Nepalese Rupee? Reply By MUKUND THAKKAR: The Reply: If payments in Indian rupees received through VASTRO account is also eligible for export benefits.<br> Discussion Forum - Knowledge Sharing ....