Deemed export
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
30 July 2012
Hi
We have a STPI Unit export of Service, we ahve raised a invoice to Another STPI Unit in USD $, can we revived Payment in INR, if we recieve in INR will it be deemed export?
Thanks
We have a STPI Unit export of Service, we ahve raised a invoice to Another STPI Unit in USD $, can we revived Payment in INR, if we recieve in INR will it be deemed export?
Thanks
Amol S Joglekar
(Expert)
30 July 2012
Indian receives the payment in inr only. For your case, it should be convertible foreign exchange
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