Dear All
Our Company AB is into trading of various goods. Recently , We have got an order to suppy a Product to Japan. The product is only available in Canada. AB is incorporated in India
AB has recived in Inda advance against sale in USD from Buyer. AB Now placed the order from a Supplier from Canada to delivered goods directly in Japan. AB is going to pay the supplier from India utilising the advance recieved
What are the implication under FEMA and Custom / Banks on AB
Warm Regrds
CAclubindia
