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India amends Foreign Trade Policy for easier rupee invoicing and payments for exporters
The government has amended its Foreign Trade Policy to ease rupee invoicing for exporters. Eligible rupee receipts now qualify for export benefits and obligations, aligning with new regulations. This change applies to exports to all countries, with specific rules for ACU members. Rupee settlements may reduce costs and risks for Indian exporters. The amendment aims to support wider international use of the Indian rupee.
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economictimes.indiatimes.com
India eases rules for rupee export payments, seeks to widen trade settlement
India has eased export payment rules, allowing rupee settlements with non-Asian Clearing Union countries. This move aims to promote wider use of the local currency in…
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thehindubusinessline.com
India eases rupee invoicing and payment rules for exporters
India eases export rules to allow wider rupee invoicing and payments, with eligible rupee receipts qualifying for FTP benefits and export obligations.
