Advise on FEMA for payment in usd
This query is : Open
Quick Summary
29 April 2023
I need advise, whether we can pay local payment in USD. Vendor registered in india and purchase invoice will be issued in USD. for contract execution outside india.
CA R SEETHARAMAN
(Expert)
29 April 2023
Contract executed outside India and invoice is in USD, payment can be made in USD.
dhaval thakkar
(Expert)
27 September 2023
Your query seems to be Unclear.
But Local Payments in India are not allowed in USD as per FEM (Manner of Receipt and Payments) Regulations.
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