Non Commercial Invoice- payment

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

10 November 2010 My client has imported goods with a non-commercial invoice from its parent company.

Will they have any problems while making payment for the purchase?

Prabhakar

Prabhakar (Expert)
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23 November 2010 No... what problems??

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

23 November 2010 Let me rephrase my question:

In case an Indian Company purchases goods from foreign parent company, the payment can be made thru normal banking channels.

If in case the invoice says it is for non-commercial product and is used in production, will there be any problems at the time of making payment? also from Excise/RBI perspective will there be any issues?

Rajesh Kumar

Rajesh Kumar (Expert)
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30 November 2010 The transaction is required to be explained to the Bank for making payment. They will easily agree for amount equal to the value declared in Bill of entry.