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TMI BlogExport to Nepal under Rebate if payment received in Indian CurrancyX X X X Extracts X X X X X X X X Extracts X X X X ..... Hi, Can I avail the benifit of Rebate of excise duty , if I Export the material with payment of duty to Nepal and payment received in Indian Currancy and Commercial / Export Invioce maintain or not ? - Reply By Pradeep Khatri - The Reply = Yes, you can. There is specific Notification in this regard from RBI. - Reply By Naveed S - The Reply = Transactions in India rupees with reside ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... nts of Nepal and Bhutan Notification No. FEMA/ 17 /RB-2000 dated 3rd May 2000 RESERVE BANK OF INDIA (EXCHANGE CONTROL DEPARTMENT) CENTRAL OFFICE MUMBAI 400001 Published in the Official Gazette of Government of India - Extraordinary - Part-II, Section 3, Sub-Section (i) dated 08.05.2000 - G.S.R. No. 404(E) In exercise of the powers conferred by Section 3 o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... f the Foreign Exchange Management Act, 1999 (42 of 1999), the Reserve Bank hereby directs that the prohibitions imposed by clauses (b), (c) and (d) of that section shall not apply to any transaction entered into in Indian rupees by or with i) a person who is a citizen of India, Nepal or Bhutan resident in Nepal or Bhutan; ii) a branch situated in Nepal or Bhutan of any business carried on by a ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... company or a corporation incorporated under any law in force in India, Nepal or Bhutan; iii) a branch situated in Nepal or Bhutan of any business carried on as a partnership firm or otherwise, by a citizen of India, Nepal or Bhutan. (P.R. GOPALA RAO) Executive Director - Reply By PAWAN KUMAR - The Reply = Yes goods can be exported to nepal on payment of duty under rebate claim irres ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... pective of the payment whether received in INR or any foreign convertile currency. please read circular no.961 dt.26.03.2012 (Third Para). - Reply By Pradeep Khatri - The Reply = RBI Circular No is 961/04/2012-CX dated 26-03-2012 . - Export to Nepal under Rebate if payment received in Indian Currancy - Query Started By: - VIPAN KUMAR Dated:- 7-8-2013 Central Excise - Got 4 Replies - Centr ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... al Excise - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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