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Firc and paypal

This query is : Resolved 
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(Querist)
18 January 2012 We have a company which receives its bill amount through Paypal for export of software services. It would be grateful if someone could guide through any statutory compliance required to be done for this.
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MJ Krishnamurthy

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MJ Krishnamurthy (Expert)
18 January 2012 Miss Meenakshi,
Export of any goods is exempt from all taxes and duties....MJK
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Vishal D Shah

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Vishal D Shah (Expert)
23 January 2012 From FEMA Angle you just need to submit your FIRC to your bankers for reporting of export & closure of export bill in their records. Ideally within 21 days.
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