Billing in dollars (Others)

This query is : Resolved

( Author )
29 October 2011

Dear Professionals,

Ours is a Resort. Some foreigners stayed in our Resort and they are asking for a bill in dollars.

Can we bill in dollars ? I mean r we required to comply with any requirements in this regard ? what r the other important areas that needs to be taken care of.

Please clarify.

Prasanth

RAMESH KUMAR VERMA

( Expert )
29 October 2011

IF YOU SERVICE PROVIDER IT WILL BE BEST OPTION BECAUSE YOU CAN GET CHAPTER (3)INCENTIVE AS PER CURRENT FOREIGN TRADE POLICY CAN AVAIL 10% INCENTIVE ON YOUR EARNED FOREIGN CURRENCY IN INDIA.

AS A SFIS AUTHORISATION FROM DGFT,
REGARDS.

CA Prasanth Viswanadh

( Author )
30 October 2011

Dear Sir,

Thank u very much for the information.

Can u pls kindly elaborate on the same. I mean to whom we have to apply and in what form we will get this incentives.

Kindly share.

Thanks & Regards
prasanth

CA Prasanth Viswanadh

( Author )
30 October 2011

Dear professionals,

Can any one kindly elaborate on the incentives as per chapter 3 of foreign trade policy for Hotels ( which are billing Dollars). I mean to whom we have to apply and in what form we will get this incentives.

Kindly share.

Thanks & Regards
prasanth

RAMESH KUMAR VERMA

( Expert )
31 October 2011

FOR MORE INFORMATION LINK IS:

http://www.eximguru.com/notifications/Regarding-implementation-of-Served-From-21513.aspx

http://dgftcom.nic.in/exim/2000/procedures/proc05/bchap-03.htm

http://www.cybex.in/Aayaat-Niryaat-Form/Served-From-India-Scheme.aspx

ANY QUERY .

CA Prasanth Viswanadh

( Author )
31 October 2011

Dear Sir,

Pls confirm my understanding

Suppose if we bill in foreign exchange, we need to apply to DGFT and the eligible incentive entitlement we can use while paying the duties on imports ?

Suppose If I dont have the imports how to claim this incentive ?

Are the below records sufficient to apply for incentive.

1. Our Bill
2. Foreign Exchange Deposited in Bank .

Kindly clarify

RAMESH KUMAR VERMA

( Expert )
31 October 2011

THIS AUTHORIZATION IS NOT TRANSFERABLE HENCE YOU CAN APPLY IN DGFT .

IF YOU CAN NOT IMPORT SURRENDER THIS AUTHORISATION IN CONCERNED RLA.

Are the below records sufficient to apply for incentive.

1. Our Bill
2. Foreign Exchange Deposited in Bank .

REPLY:-

FOR MORE INFO PARA 3.6.1 OF HAND BOOK OF PROCEDURES VOL-1 ,2009-2014.