Forex

This query is : Resolved

Sabarish S (Querist)
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29 November 2016 Dear Experts, One of our customer transfered advance payment in USD against his order. Now customer plan to come to India and collected goods. So kindly clarify below queries. 1. how to ensure the export obligation? 2.Pls suggest if any alternative way to handle this? Thank you

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 November 2016 1 Your customer take care of export obligations you need not worry.
2 Your customer may require your goods for further processing in India or for use in India.

Sabarish S

Sabarish S (Querist)
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02 December 2016 Sir for use in India only

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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02 December 2016 Deliver the goods in India you will not face any problem..

Sabarish S

Sabarish S (Querist)
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02 December 2016 Sir in future if RBI ask the export details against foreign inward remittance? in the above case what are proofs/documents require to obtain from the customer

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 December 2016 Get the order amended to deliver the goods in India if possible otherwise get letter to this.

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