advance payment (custom)
This query is : Resolved
03 November 2010
Our buyer is giving us advance payment. Our cs suggested that after getting the payment we can send the documents directly. I sent an email to our bank for confirming it but the bank has not responded.
reason ???
reason ???
03 November 2010
What confirmation you need from the banker?
04 November 2010
As per the RBI regulation released on 1-7-2009, in case of 100% advance remittance, the document in respect of such goods can be sent directly by the exporter to the consignee. Please see the Reserve Bank’s master circular dated 1-7-2009.
However, if you are recognized as Status Holder, you may directly send the documents to the buyer both in case of advance payment or otherwise.
Regards,
R. VERMA
However, if you are recognized as Status Holder, you may directly send the documents to the buyer both in case of advance payment or otherwise.
Regards,
R. VERMA
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