Please help how to determine mode of payment

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payment received from foreign customer. Now to show it as export condition is there that payment should be received in foreign convertible exchange. how can I determine the same from bank statement?
Replies (1)
Normally banks write in narration e.g USD 10000 × 72.35

That means it is convertible foreign exchange.

You can take FIRC from bank to strengthen your claim.

Regards
CA. Raj Doshi
R C D & Co.
Chartered Accountants
E :raj @ rcdco.in


CCI Pro

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