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Fdi query

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(Querist)
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?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
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.
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