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Cash received more than 20000

This query is : Resolved 
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(Querist)
31 March 2013 Can we received more than Rs 20000 as cash against sales in indian currency from our neighboring countries.
Whether it is allowed or disallowed under IT Act.
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
31 March 2013 As understood your query, regarding export sale you are receiving money. Receipt in respect of export sale need to routed through bank and obtain the FIRC ( Foreign Inward Remittance certificate)
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