alleryStart learning →Payment for a deemed export can be received in:
AOnly in foreign money
BOnly in Indian rupees
COnly by a bank draft
DRupees or foreign money
Answer & Solution
Correct answer: D. Rupees or foreign money
Section 147 allows payment either in Indian rupees or in convertible foreign exchange.
Keep practising Miscellaneous Provisions
Browse all Miscellaneous Provisions questions for CA Final, or explore more Indirecttaxlaws topics.
Related questions
Supply of warehoused goods before clearance for home consumption is treated as:Services by any court or Tribunal under law are treated under Schedule III as:Software development and customisation is classed under Schedule II as:Supply of food or drink for human consumption as part of a service is a supply of:Under Schedule II, a works contract is a composite supply treated as:Treatment or process applied to another person's goods is a supply of:A lease or tenancy of land is treated under Schedule II as a supply of:Permanent transfer of assets with ITC availed is treated as: