banner_ad

Can Import Invoice be in Indian Currency

4509 views 3 replies

One client wants to import goods from netherlands in Indian Currency.  The Invoice will be in Indian Currency. Please let me know is this possible. What are the legal and practical issues involved?

Replies (3)

 The currency of the invoice is totally a matter of choice between the exporter and the importer. There are no legal consequences involved. If the invoice is in Foreign Currency, the same is converted into INR on the date of bill of entry. However, if the invoice is already in INR, there is no need to convert the same. Regarding practical consequences, as i said, it is as matter of choice between the parties.

 

Hi,

One of our US vendor who provides services to Indian company wants to raise an invoice in Indian currency. Can it be done?

What will be the difference if the invoice is raised in USD or INR?

Please advise

 

for more information read link:

https://rbidocs.rbi.org.in/rdocs/notification/PDFs/FRTH210711.pdf


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
04 May 2026
Articleship

S.K Gairola & CO

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
11 May 2026
Post office

Post office

Anakapalle

Others

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
26 May 2026
Senior Accountant cum purchase Manager

Vardhaman Group of India

Pimpri Chinchwad

CA Inter

View Details