Payment of commission to an agent in iran.
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 September 2012
One company has got some order for supply of some material to to a company in Iran and the order was canvassed through an agent. The export will be via lc. Now the company wants to pay commission/brokerage to the agent in Iran. What are the foriegn exchange regulations to be complied in this regard. Whether this is permitted by law
Thanks in advance
Thanks in advance
CA. Anuj Gupta
(Expert)
13 September 2012
Yes the same is permitted under FEMA.
You need to fill up Form A-2 and send alongwith relavent documents to Bank.
Anuj
femaquery@gmail.com
You need to fill up Form A-2 and send alongwith relavent documents to Bank.
Anuj
femaquery@gmail.com
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