Import purchase payment
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
12 February 2013
hello,
we have a import purchase from UK(supplier) and need to pay the full amount in advance, so we need to submit PI in bank for payment.Once the payment received to the supplier, they will inform their client at CHINA (warehouse), another firm. then, our forwarder has to arrange pick up from there.
All docs will be done in the name of CHINA company, but we paid the advance in the name of UK company. is there any issue? please advise.
we have a import purchase from UK(supplier) and need to pay the full amount in advance, so we need to submit PI in bank for payment.Once the payment received to the supplier, they will inform their client at CHINA (warehouse), another firm. then, our forwarder has to arrange pick up from there.
All docs will be done in the name of CHINA company, but we paid the advance in the name of UK company. is there any issue? please advise.
RAMESH KUMAR VERMA
(Expert)
07 March 2013
manage and filing FIRC .
L/C
NO ISSUE IN YOUR CASE....
THANKS,
L/C
NO ISSUE IN YOUR CASE....
THANKS,
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