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Stpi billing in inr

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(Querist)
16 December 2011 Hi, I just want to check did RBI/STPI allow export billing in INR?

Regards,
Nazir
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CA. Krishna K Neeraj

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CA. Krishna K Neeraj (Expert)
29 December 2011 No issues if bills are raised in INR,however there will be uncertainty for the buyer that how much they have to remit as INR is free traded currency.

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