Advice needed


Are there any restriction to the usage of Foreign currency in domestic commercial transaction between 2 indian parties?
 
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Only Indian currency is valid for doing transitions in India, doing transaction in foreign currency is not legal.

 

You can convert is by visiting any bank of other place you are doing conversion.

 
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Sir, Kindly provide me the source or citation for this.
 
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Sir, Kindly provide me the source or citation for this.
 
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Sir, Kindly provide me the source or citation for this.
 
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Sir, Kindly provide me the source or citation for this.
 
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Refer FERA: foreign exchange regulation act.
 
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