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Non Commercial Invoice- payment

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Querist : Anonymous

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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?
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Prabhakar

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

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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?
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Rajesh Kumar

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Rajesh Kumar (Expert)
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.
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