Cos can pay in foreign currency for services by SEZ units
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Cos can pay in foreign currency for services by SEZ units

Hyderabad : India | Oct 23, 2012 at 12:11 PM PDT
Source: The Economic Times
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SEZ norms, the Reserve Bank has allowed domestic companies to make payments to units in special economic zones in foreign currency for the services delivered by them. Earlier this facility was allowed only for payments made towards goods. "... ADs (banks) to sell foreign exchange to a unit in the domestic... FULL ARTICLE AT The Economic Times
 
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