Non Commercial Invoice- payment

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
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?

23 November 2010 No... what problems??

Avatar

Querist : Anonymous

Profile Image
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?

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.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details