Netting of payables & recievables by STPI unit
This query is : Resolved
03 August 2010
Hi,
Can you please let me know if netting of payables and receivables is allowed for a STPI unit, like SEZ. If yes, as per which circular of RBI?
Request your help urgently.
Thank you.
Can you please let me know if netting of payables and receivables is allowed for a STPI unit, like SEZ. If yes, as per which circular of RBI?
Request your help urgently.
Thank you.
VINOD ARORA
(Expert)
06 August 2010
I believe there is no such provision as yet pronounced by RBI for STPI units. However for SEZ units, this kind of netting allowed for long.
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