Payment in usd & benefit in import duty
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2013
i am ISI certification consultant, at present i am providing certification consultancy to china based company.
as per our contract company has paid me 4000USD in my account, in this regards i have IE code and all related farmalities i have completed.
my question is as under:
as i have received 4000USD from them and i am interested to import few testing equipment from china and chinese company wants this payment in USD.
kindly guide me how can i make payment to him, and what benefit regarding import duty can i avail in future.
pradeep kumar mod
as per our contract company has paid me 4000USD in my account, in this regards i have IE code and all related farmalities i have completed.
my question is as under:
as i have received 4000USD from them and i am interested to import few testing equipment from china and chinese company wants this payment in USD.
kindly guide me how can i make payment to him, and what benefit regarding import duty can i avail in future.
pradeep kumar mod
RAMESH KUMAR VERMA
(Expert)
09 February 2013
As Per Para 2.40 of foreign trade policy 2009-2014
ask your banker for provide
1. TT
2. LC
3. D/D
IN DESIRED REQUIREMENT.
more info:
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/14ME010212FS.pdf
ask your banker for provide
1. TT
2. LC
3. D/D
IN DESIRED REQUIREMENT.
more info:
https://rbidocs.rbi.org.in/rdocs/notification/PDFs/14ME010212FS.pdf
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