Can Domestic sale invoice be raised in Foreign currency?

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Shilpa (Querist)
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19 November 2008 Whether an Indian seller raise a domestic sale invoice in foreign currency? the sale is between two DTA's operating in India.

Ravikumar.G (Expert)
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19 November 2008 Yes. But it cannot be treated as an export sale or export service.

Shilpa (Querist)
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19 November 2008 RBI Guidelines says it is obligatory to export goods against foreign currency recived?

Ravikumar.G (Expert)
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19 November 2008 Can you just provide me that respective guidelines.

Shilpa (Querist)
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19 November 2008 But why will anybody transact in foreign currency for a local sale? And moreover, how does one charge VAT and service tax applicable

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