RBI circular on SCA for exporters unclear on many aspects

The Reserve Bank of India (RBI) has allowed AD Category-I banks maintaining special vostro accounts (SVA) in Indian rupees (INR) to open an additional special current account (SCA) for their exporter constituents exclusively for settlement of their export transactions. The RBI says that the idea is to provide greater operational flexibility to exporters but few exporters are clear on how that will come about. Indeed, they have many questions.
 

In July 2022, the RBI introduced an arrangement for invoicing, payment, and settlement of export/import transactions in INR through SVA, mainly with a view to facilitate trade with Russia following fears