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Can a indian company raise a invoice to foreign company usd

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 June 2016 my query as given below
1. An Indian company name is XYZ 2. Foreign company name is ABC, XYZ company render the export service to ABC. ABC company need the invoice from XYZ in USD. Can XYZ Indian company provide the invoice to ABC in USD. If yes then please under the which act and rules Indian company raise the invoice if foreign currency.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
14 June 2016 Yes the Indian company can provide the invoice to ABC in USD. See FEMA regulations on exports.
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Querist : Anonymous

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Querist : Anonymous (Querist)
14 June 2016 what implication of FEEMA, we are not taking any export benefit on export of services. Under which act and rules it should be covered.




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