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Transaction in foreign currency between 2 domestics company.

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Querist : Anonymous

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Querist : Anonymous (Querist)
24 September 2015 TWO PARY ARE AGREED TRANSACTION WITH FOREIGN CURRENCY .

"A" PARTY HAVE PURCHASE GOODS 100$ FROM "C"AND EXPORT TO "Z" (OVERSEAS BUYER) FOR 120$ AS ON AGREED TERMS "C" HAVE TO 100$ TO A , COULD IS POSSIBLE ?

PLEASE SUGGEST ME
CAN BANK WILL AGREE TO RELEASE FUND AGAINST PURCHASE BILL WITHIN FOREIGN CURRENCY .
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
24 September 2015 No only Indian currency equivalent of 100$ can be released.

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