Foreign exchange management act
This query is : Resolved
07 May 2013
I am working in a Noida based MNC Company as a assistant Finance manager,
My Comapny have received an order from our related party in USA and we have to supply goods to BHEL Gujrat,
we have also receved payment in foreign currency,
As per our dispatch instruction we have to directly supply goods to BHEL in Gujrat,
kindly let me know whether this transaction is possible as per FEMA rules since no bill of lading shall be prepared when we supply goods to BHEl in Guhrat and also let me know how BHEL will make payment to my related party in USA since no bill of entry is being filed.
My Comapny have received an order from our related party in USA and we have to supply goods to BHEL Gujrat,
we have also receved payment in foreign currency,
As per our dispatch instruction we have to directly supply goods to BHEL in Gujrat,
kindly let me know whether this transaction is possible as per FEMA rules since no bill of lading shall be prepared when we supply goods to BHEl in Guhrat and also let me know how BHEL will make payment to my related party in USA since no bill of entry is being filed.
08 May 2013
it seems that your company is service provider.
that is why Bill of entry and bill of Lading had not filed yet.
that is why Bill of entry and bill of Lading had not filed yet.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Deemed Capital Gain
- Type of Capital Gain
- Exiting partner in partnership firm in gst portal
- Banking Related Issue
- ITR-3 File/Error Found
- TDS offline utility
- Due Date Clarity
- Gst on travel by air for business purposes
- Can a single LLP in India legally operate multiple unrelated businesses (Travel, Cloud Kitchen, Ecom
- Error in uploading Form 10BD
- CASH GIFT FROM BLOOD RELATIVE
- Account freezed for Ineligible ITC Scrutiny for GST Annual Return
- Rent claimed on building given on permissive possession basis
- TDS on property - Form 141 query
- Seeking Advice: High Tax Shortfall on Job Switch + Let-Out House Property Loss in FY 2025-26
- Housing Society-ITR5
- TDS on Rent received on redevelopment of building
- Indian IT Portal issue in computing tax as per UK-India DTAA
- Capital Gains on sale of residential flat
- Upload Level ValidationITR3Category of Defect B/D
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
