23 June 2018
Hi we have a case where Good’s are imported from country A and sent to country B but invoicing is from India. There is no physical movement of goods in India. Is this permitted under FEMA and what are the relevant FEMA regulations to be referred?
24 June 2018
Yes this is permitted under FEMA. Realization of export proceeds in respect of export of goods / software from third party should be duly declared by the exporter in the appropriate declaration form.