The Directorate General of Foreign Trade (DGFT) amended the FTP 2023 with immediate effect to align it with the RBI’s 2023 foreign exchange rules. | India News

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…

India eases export rules to allow wider rupee invoicing and payments, with eligible rupee receipts qualifying for FTP benefits and export obligations.

DGFT simplifies rupee trade rules, allowing exporters to receive rupee payments through approved channels for FTP benefits.

India has eased rules for rupee-based export payments, allowing exporters to invoice and receive payments in Indian currency or foreign currencies from non-ACU countries. Rupee…