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.
07 March 2013
manage and filing FIRC .
L/C
NO ISSUE IN YOUR CASE....
THANKS,
L/C
NO ISSUE IN YOUR CASE....
THANKS,
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- TDS on Purchase of Immovable Property by NRI from NRI
- Stamp Paper for partnership firm change new income tax 2025
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Capital gain from sale of house property
- FORM 26A APPLICABILITY
- Annual return in Gst
- When TDS on GST applied
- TDS APPLICABILITY......
- Copyright software
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
