Query in foreign remittance
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 November 2011
Dear Experts
We need to remit the payment to non resident supplier , Still material is not dispatched.
Can we process the payment based on Purchase order.
Kindly quote the FEMA act.
We need to remit the payment to non resident supplier , Still material is not dispatched.
Can we process the payment based on Purchase order.
Kindly quote the FEMA act.
CA. Anuj Gupta
(Expert)
24 November 2011
Permitted as per FEMA Master Circular on Import of Goods & Services provided the goods are imported within 3 months of advance payment.
Anuj
+91-9810106211
femaquery@gmail.com
Anuj
+91-9810106211
femaquery@gmail.com
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