Merchant trading
This query is : Resolved
Ravichandran
(Querist)
09 August 2016
HI, Our company is located in SEZ with the IEC code for Manufacturer Exporter. Along with this we have added our Bangalore Unit ( outside SEZ) as a branch office with the same IEC. We are looking for a new business opportunity in trading with Bangladesh and Hong Kong. Here Bangladesh will be sending materials directly to Hong Kong but will be Invoicing to India and India will be Invoicing to Hong Kong for the same materials and there is no physical materials inward and outward movement with in India. I would like to know whether we can deal this in the name of our branch office with the same IC code. If yes, what would be the procedures. Kindly suggest.
Dr.RAMAKRISHNA. C
(Expert)
09 August 2016
Yes. You may do so. However, it is strongly advisable to consult the PRO of RBI.
Ravichandran
(Querist)
11 August 2016
Thanks for your update.
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