Exemption
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
28 October 2011
Our company is 100% EOU . To get the exemption, we have to receive the money in foreign currency within certain limit. Pls let us know what is the time limit . as per my understanding the earlier limit of 6 months extended to 1 year
thanks in advance
thanks in advance
29 October 2011
As I know, the time limit of 6 month is still in force. However, competent authority may allow extension of further period on application.
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