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FM QUERY

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28 September 2010 In FM (CA final) there are many questions it is given that Indian exporter is going to receive pounds,dollars etc.I want to know how is it possible?Because Indian exporter will issue bill in INR and will receive INR.So how it is possible that he will receive any foreign currency?
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Ajay Mishra

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Ajay Mishra (Expert)
29 September 2010 Dear Mr. Dhaval

Go on the following link:

https://www.rbi.org.in/scripts/NotificationUser.aspx?Id=5136&Mode=0



Regards
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