Export proceed in inr

There is no any restriction under FEMA that export realisation be received in INR but  para 2.52 (a)of the Foreign Trade Poilcy 2015-20 Provides as under:

All export contracts and invoices shall be denominated either in freely convertible currency or Indian rupees but export proceeds shall be realized in freely convertible currency.

Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 Permit receipt in inr for export of service

Originally posted by : rahul
	Foreign Exchange Management (Manner of Receipt and Payment) Regulations, 2016 Permit receipt in inr for export of service

 YES,as i said above as per FEMA there is  no restriction but, Foreign Trade Policy says that :

"All export contracts and invoices shall be denominated either in freely convertible currency or Indian rupees but export proceeds shall be realized in freely convertible currency.  "