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Netting of payables & recievables by STPI unit

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(Querist)
03 August 2010 Hi,
Can you please let me know if netting of payables and receivables is allowed for a STPI unit, like SEZ. If yes, as per which circular of RBI?

Request your help urgently.

Thank you.
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VINOD ARORA

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VINOD ARORA (Expert)
06 August 2010 I believe there is no such provision as yet pronounced by RBI for STPI units. However for SEZ units, this kind of netting allowed for long.
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