Advance Autharisation, Customs - Exim - SEZ

[GANESH IYER]

One of our Customer have an export order to Bangladesh..

they will import the Raw material form Bangladesh and will be paid in US DOLLER ..

they will manufacture the goods with a value addition go 21% and then will be exported to Bangladesh..

They will be getting the realization of export proceeds in Indian Rupees..

Can they apply for Advance Authorization??? Is it mandatory TO get export proceeds in US dollar ???

Can you clarify this ponit with the provision in FTP..'

Posts / Replies

[raghunandhaanan r vi]

Dear Sir,

You may refer Para 2.52 of FTP in this regards. Here export proceeds in INR is allowed from Vostro Account

subject to certain conditions