Guidance required under fema
Querist : Anonymous
I need clarification on domestic supply made in India against an sale order received from abroad. Money will be received from abroad. What documents to submit to Bank in this scenario? Is it allowed under FEMA? Is there any specific circular which covers this case?
thanks & regards,
Sreenivasulu
You need to submit your bank account details with IFSC code of your branch, SWIFT code of the bank through which the international transaction is going to be routed.. (Say SBI) to the paying banker/purchaser abroad.
Querist : Anonymous
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