Export to Iran payment under Indian rupee, Central Excise

[Yogesh Panchal]

Dear All Expert,

We have received export order for our finished goods from Iran in Indian Rupees,(

Iran Customer Paid amount to the UCO Bank Iran, UCO Bank transfer amount in UCO Bank India in Indian rupees, UCO Bank India transfer amount in our bank account in Indian rupees.

Payment not received under LC.)

As per Foreign Trade Policy, 2009-14"Export proceeds against exports to Iran realized in Indian rupees are permitted to avail exports benefits/ incentives.

Query :- We have prepared Pri-Shipment invoice in Indian rupees??? We have cleared above export goods under LUT without duty of payment?? Please guide us.

Posts / Replies

[MUKUND THAKKAR]

Sir,

please follow the guide lines given in RBI master circular of 01july-2014.

[Yogesh Panchal]

Dear Sir,

Please explain in details.