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India eases rupee payment rules for exporters

The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in Indian rupees, bringing eligible rupee receipts on par with foreign-currency earnings for FTP benefits and export obligations.The changes apply to exports to all countries, with separate provisions for Asian Clearing Union (ACU) member countries, Nepal and Bhutan.Also Read: India allows duty-free sugar imports as prices climb ahead of festive s…

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Economic TimesLean R·1h ago
India eases rupee payment rules for exporters
The government on Thursday amended the Foreign Trade Policy (FTP) 2023 to make it easier for exporters to invoice overseas sales and receive payments in Indian rupees, bringing eligible rupee receipts on par with foreign-currency earnings for FTP benefits and export obligations.The changes apply to exports to all countries, with separate provisions for Asian Clearing Union (ACU) member countries, Nepal and Bhutan.Also Read: India allows duty-free sugar imports as prices climb ahead of festive s…
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India eases rupee payment rules for exporters

How 1 sources are covering this

India eases rupee payment rules for exporters

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