My client is an indian software co. expoting software and providing IT solutions abroad.
Whether the Co. can accept payment in foreign currency through online mode.
Are there any FEMA restrictions on this.?
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Online receipt of payment for export of services
Replies (2)
All exports proceeds to be routed through Authorized Dealers.
.
Better approach the banker with whom the firm is having its account.
.
You may also refer MASTER CIRCULAR issued by RBI in this respect.
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https://www.rbi.org.in/scriptttts/ECMUserView.aspx?Id=30&CatID=10
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You may also refer this Master Circular : Page 6 last para :
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https://www.rbi.org.in/commonman/Upload/English/Notification/PDFs/10ME290611FL.pdf
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