IANS | 09 Nov, 2022
The government has allowed international trade settlements in Indian
rupees for export promotion schemes under the foreign trade policy.
Amendments in the foreign trade policy and handbook of
procedures have been made to allow for international trade settlement in
Indian rupees i.e. for invoicing, payment and settlement of exports and
imports in Indian rupees.
The allowance has been made to allow
grant of exports benefits and incentives and fulfilment of export
obligation under the foreign trade policy.