Clarification Regarding Admissibility of Export Remittances Received in Special INR Vostro Account | Circular
- Blog|News|GST & Customs|
- < 1 minute
- By Chetan Kulasri
- |
- Last Updated on 30 October, 2023
Latest from Taxmann
Circular No. 202/14/2023-GST dated October 27th, 2023
The CBIC has clarified that when the Indian exporters are paid the export proceeds in INR from the Special Rupee Vostro Accounts of correspondent bank(s) of the partner trading country, opened by AD banks, the same shall be admissible for treating as exports under GST subject to the conditions/ restrictions mentioned in Foreign Trade Policy, 2023 & extant RBI Circulars.
Click Here To Read The Full Circular
Disclaimer: The content/information published on the website is only for general information of the user and shall not be construed as legal advice. While the Taxmann has exercised reasonable efforts to ensure the veracity of information/content published, Taxmann shall be under no liability in any manner whatsoever for incorrect information, if any.
CA | CS | CMA
