FEMA
This query is : Resolved
13 November 2009
Hi,
Can anyone let me know if foreign receivable and foreign payable can be set off as per provisions of Fema(other than SEZ unit) , if yes ,kindly quote reference of same
Can anyone let me know if foreign receivable and foreign payable can be set off as per provisions of Fema(other than SEZ unit) , if yes ,kindly quote reference of same
13 November 2009
Yes, to ensure compliance with Act,Rules in FEMA. Rfer sec 2(y)
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