Regarding forex payments

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 May 2018 Hi All,

Wanted to know what all documents are required for processing forex payments ?

Secondly, is 15CA/CB required to be attached with every foreign payment or is it a periodic document?

Please also elaborate the process of drafting and filing 15CA/CB.

Thanks a lot.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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14 May 2018 1 Invoice and purchase order required for foreign remitance in respect of import of goods/services. Bankers will advice the document requirement.
2 Yes 15CA/CB is required to be attached with every foreign payment(excluding import of goods). It is not a periodic document.
3 15CA to be filed by the remitter and 15CB to be filed by CA.

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