Bank- BRC acceptance of foreign currency
This query is : Resolved
Govind Pingle
(Querist)
02 May 2022
In a situation where foreign client places purchase order for supply goods to his client within India, where no physical export is made of goods and that goods are delivered within India, what documents are required to be submitted to accept foreign currency against payment of such supply. The relevant authority may also be provided as the bankers are insisting shipping bill copy which cant be in the case explained above.
CA R SEETHARAMAN
(Expert)
02 May 2022
Show purchase orders both and invoices raised and a declaration that supply made within India and the buyer is non resident required to pay only foreign currency.
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