Payment in Foreign Exchange for Services from SEZ to DTA RBI - Instructions
UNITS in the Domestic Tariff Areas (DTAs) have been permitted to purchase foreign exchange from Authorised Dealers (Ads) for making payment towards goods supplied to them by units in the Special Economic Zones (SEZs), by a Circular issued in 2003.
RBI has reviewed the matter and has decided to allow ADs to sell foreign exchange to a unit in the DTA for making payment in foreign exchange to a unit in the SEZ for the services rendered by it (i.e. a unit in SEZ) to a DTA unit. It may, however, be ensured that there is an enabling provision of supplying these goods/services by the SEZ unit to the DTA unit and for payment in foreign exchange for such goods/ services to the SEZ unit, in the Letter of Approval (LoA) issued to the SEZ unit by the Development Commissioner (DC) of the SEZ.
RBI AP (DIR Series) Circular No. 46, Dated: October 23 2012