GR waiver
This query is : Resolved
Shobhit Jain
(Querist)
07 December 2016
Status Holders shall be entitled to export freely exportable items on free of cost basis for export promotion subject to an annual limit of Rs 10 lakh or 2% of average annual export realization during preceding three licensing years, whichever is higher.
How to calculate Rs 10 lakhs as export amount is in Foreign currency?Do we have to use current Conversion rate?
In same way,how to calculate export realization amount?
CA Suresh Jain
(Expert)
07 December 2016
Take the amount as per Bank realization Certificate
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