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Invoice payment recd from foreign customers - any formality

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Querist : Anonymous

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Querist : Anonymous (Querist)
10 December 2013 Hi,

We are a IT solution providing pvt limited company. Our invoices included domestic sales and export sales. We used to get our invoice payments from around the world. Its a small company.

Do we need to submit any forms to RBI regarding receipt of our foreign currency ? please explain

10 December 2013 Since it is a current account transaction no need to file any form with RBI



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