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Invoicing in high sea sales

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(Querist)
07 April 2012 Say A in India imports goods from B in Hongkong and sells these goods on High sea to C in India. Now, can A raise invoice to C in the Foreign Currency say $ in which invoice was raised by B to A. Purpose of invoicing in $ is to eliminate forex fluctuation effect. Pls suggest is it allowed?
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
08 April 2012 Raise the bill from India to the Hongkok buyer as you not directly re-selling.

This question was answered in past.
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LOKESH GUPTA

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LOKESH GUPTA (Querist)
08 April 2012 I might not have framed question properly.
Actually, the hongkong party (B) is seller and A (Indian party) is importing from B and reselling to C(another Indian party) before landing of goods at Indian port (i.e. High Sea Sales). Can A raise sales invoice to C in $?
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NILESH MANDOLE, MBA (Fin),CS

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NILESH MANDOLE, MBA (Fin),CS (Expert)
13 April 2012 Yes A can raise invoice in foreign currency to C.
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