Shipping bill in inr

This query is : Resolved

A J (Querist)
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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)

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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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,

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