Invoice payment recd from foreign customers - any formality
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 December 2013
Hi,
We are a IT solution providing pvt limited company. Our invoices included domestic sales and export sales. We used to get our invoice payments from around the world. Its a small company.
Do we need to submit any forms to RBI regarding receipt of our foreign currency ? please explain
We are a IT solution providing pvt limited company. Our invoices included domestic sales and export sales. We used to get our invoice payments from around the world. Its a small company.
Do we need to submit any forms to RBI regarding receipt of our foreign currency ? please explain
10 December 2013
Since it is a current account transaction no need to file any form with RBI
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