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  1. icarusdtd1

    icarusdtd1 New Member


    I am an exporter of service and i have foreign currency turnover of more than Rs 50lakhs
    that is approximately 78200 $

    I want to know is
    1) is this amount of Currency import is allowed
    2) What all legal procedures i need to take care so that i dont have to pay any penaly or something under any law be it FEMA , OR Finance Act or As per RBI Rules etc
    3) Is my income liable to service tax

    It will be of real help if you experts can help me out
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