Payment to sez unit
This query is : Resolved
CA Navin Jain
(Querist)
04 April 2014
Dear All,
ABC Pvt Ltd wants to purchase capital goods from SEZ unit in India. SEZ UNIT MADE SALE INVOICE IN USD AND REQUEST TO TRANSFER THE MONEY IN USA. Now my question is that sez unit is located in India and goods also supply in India then why sez unit is requested to make payment in foreign currency? Pl clarify that it is possible?
ABC Pvt Ltd wants to purchase capital goods from SEZ unit in India. SEZ UNIT MADE SALE INVOICE IN USD AND REQUEST TO TRANSFER THE MONEY IN USA. Now my question is that sez unit is located in India and goods also supply in India then why sez unit is requested to make payment in foreign currency? Pl clarify that it is possible?
RAMESH KUMAR VERMA
(Expert)
05 April 2014
MUST SEE:
https://www.caclubindia.com/experts/brc-for-invoice-in-inr-522105.asp#.Uz_ovaiSzj4
https://www.caclubindia.com/experts/brc-for-invoice-in-inr-522105.asp#.Uz_ovaiSzj4
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