We have purchase from SEZ Unit under advance license scheme .
my query is whether the transaction can made in INR Or we need to do payments in USD currencies to SEZ Unit to fulfill license compliance. kindly advise.
Menu
Purchase from SEZ under advance authorization scheme.
Replies (1)
When purchasing from a Special Economic Zone (SEZ) unit under the Advance Authorization (Advance License) scheme, the payment can be made in Indian Rupees (INR) or any freely convertible foreign currency, such as USD. There is no specific requirement to make payments exclusively in USD to fulfill license compliance12.
If you have any more questions or need further clarification, feel free to ask! 😊
If you have any more questions or need further clarification, feel free to ask! 😊
Recent Threads
- Exports against INR PO payable by Domestic Company
- Which websites are best for government exam prepar
- TDS on maturity payment of LIC of india
- ITR2 Gold ETF short and long term
- Query under faceless assessment
- Purchase of business
- Refund of ITC for advance paid to overseas supplie
- Clubbing query (when gifts given to multiple fami
- Transfer Pricing Audit Upload Form 3CEB - Income T
- Only a Few Pages Indexed by Google Despite Sitemap
Related Threads
CAclubindia
