Sector Category: Foreign Trade

To enable traders to claim export benefits for international transactions settled in the rupee the Government has amended the foreign trade policy to allow for the settlement of invoicing, payment, and settlement of exports/imports in Indian rupees

To enable traders to claim export benefits for international transactions settled in the rupee the Government has amended the foreign trade policy (FTP) to allow for the settlement of invoicing, payment, and settlement of exports/imports in Indian rupees. The export incentives were available only when the trade was settled in a foreign currency. The amendments…