Shipping bill in inr
This query is : Resolved
29 February 2012
We are an agricultural commodities export company.
Normally we file shipping bill in USD and take 1% Drawback and 2% Focus Scheme (Total 3%).
One of new contact from IRAN wants to deal in INR. He says he will open LC in INR from / through UCO Bank.
Thus if we do this deal, we have to file shipping bill in INR.
Is that Possible to file shipping bill in INR?
If yes, then can we also claim export incentives as mentioned above for such INR shipping bill shipments? (1% Drawback and 2% Focus)
Normally we file shipping bill in USD and take 1% Drawback and 2% Focus Scheme (Total 3%).
One of new contact from IRAN wants to deal in INR. He says he will open LC in INR from / through UCO Bank.
Thus if we do this deal, we have to file shipping bill in INR.
Is that Possible to file shipping bill in INR?
If yes, then can we also claim export incentives as mentioned above for such INR shipping bill shipments? (1% Drawback and 2% Focus)
01 March 2012
normally FOB/ CIF mentioned india IN INR AND EXPORTED COUNTRY FOREIGN CURRENCY,
whenever ur payment release u must mentioned it IN BRC column no 14 & 17 too.
u can avail dgft benefit without any problem.
Regards,
whenever ur payment release u must mentioned it IN BRC column no 14 & 17 too.
u can avail dgft benefit without any problem.
Regards,
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