Dual Currency PDF Display
Your client sees their local currency (e.g. $5,000 USD) while the PDF automatically embeds statutory INR conversion rates required by GST authorities.
Automated Forex Gain / Loss
Compares the invoice issue exchange rate with the bank realization rate to auto-calculate your taxable Forex Gain or Loss under Section 43AA.
GST Rule 96A LUT Auto-Stamp
Whenever foreign currency is selected, the platform automatically applies zero-rated export declarations so you are never charged 18% IGST wrongly.
Multiple Bank & Wire Details
Store specific SWIFT/BIC codes, IBAN numbers, and intermediary routing details for US Wire, SEPA (Europe), or UAE local transfers.
Automated Rate Caching
Rates are fetched daily from official central bank feeds and cached for sub-10ms response times so billing never slows down.
GSTR-1 Table 6A Exports
Exports ready-to-upload CSV files formatted precisely for Table 6A (Exports) of the Indian GST portal with foreign values and INR conversions.
Multi-Currency Engine Architecture & Dual-Reporting Standards
Automated Interbank Feeds
Daily reference rates for USD, EUR, AED, GBP, CAD, and AUD are synchronized via secure institutional currency APIs, ensuring your billing reflects precise market exchange rates.
Invoice Date Rate Freezing
Once an invoice is finalized, the exchange rate on the date of supply is permanently frozen in accordance with statutory accounting standards, providing an audit-proof historical record.
Dual Currency PDF Display
Clients see clean foreign currency charges ($ USD, € EUR) while your accounting department sees statutory INR conversions alongside mandatory GST declarations on the same PDF.
Statutory Compliance: RBI Reference Rates & Accounting Standard AS-11
Invoicing international clients involves cross-border statutory compliance regulated by both the Reserve Bank of India (RBI) and the Goods and Services Tax (GST) Council.
Section 16 IGST Act & Rule 96A Exemption
Service exports billed in foreign convertible currency qualify for zero-rated status under Section 16 of the IGST Act, provided a valid Letter of Undertaking (LUT) is filed. Cod Xpert stamps the legal LUT declaration automatically onto foreign currency invoices.
Read the GST LUT Rule 96A Exporter Guide →FEMA 23(R) & Bank Realization Closure
Under RBI Master Directions, export invoices must be reconciled against inward remittances within a statutory window. Cod Xpert generates standardized declarations compatible with Authorised Dealer (AD) banking desks at HDFC, ICICI, SBI, and Axis Bank.
Review the FEMA 23(R) Compliance Guide →Frequently Asked Questions on Multi-Currency Invoicing
Which foreign currencies are supported?
What official rate sources does Cod Xpert use for benchmark rates?
Cod Xpert integrates authoritative benchmark exchange feeds sourced from institutional central banks including the European Central Bank (ECB) and the Reserve Bank of India (RBI) reference rate archives.
How do multi-currency invoices link with our e-BRC filings?
Every multi-currency invoice captures both foreign face value and domestic INR conversion on the supply date, giving your bank an unambiguous document to issue the Foreign Inward Remittance Certificate (FIRC).
Cod Xpert supports all major global currencies including US Dollars (USD), Euros (EUR), British Pounds (GBP), UAE Dirhams (AED), Australian Dollars (AUD), and Canadian Dollars (CAD).
Can I manually override an exchange rate on a specific invoice?
Yes. While the system automatically suggests the live benchmark exchange rate, you can manually adjust the rate to match a specific forward contract or bank agreement.
How does Cod Xpert handle realized forex gains and losses?
When you record payment against a foreign invoice, the system logs the net INR received and calculates the currency variance for easy entry into your accounting software under Section 43AA.
Does this work with international payment gateways like Stripe or Wise?
Yes. You can display your Wise, Payoneer, or foreign virtual account numbers (SWIFT/IBAN) directly on foreign invoices to make cross-border settlements frictionless.
Related Features, Invoicing Tools & Exporter Guides
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