banner_ad

Remittance from forign buyer for goods.

This query is : Resolved 
Profile Image

Profile Image

(Querist)
05 March 2009 We sell our products through website. I was wondring to know that if a buyer send remittance in our bank account for goods and takes hand delivery of goods either himself or his knowing person.

1] Is it legal?
2] Whether it's an export sale or local?
3] Should we submit documents in bank for this type of transaction?
4] RBI/Exim rules for that type of transaction?

Your suggestion/advices are will be appreciated.
Profile Image

CA. MITHUN KHATRY

Profile Image

CA. MITHUN KHATRY (Expert)
06 March 2009 IT IS LEGAL

IT IS NOT EXPORT SALE BECAUSE SALE WHICH OCASSIONS MOVEMENT OF GOODS ACROSS CUTOM FRONTIERS OF INDIA IS EXPORT SALE
Profile Image

Mahesh Agarwal

Profile Image

Mahesh Agarwal (Querist)
06 March 2009 Thanks, please let me also know should we have to submit invoice into bank to take BRC for that transaction? Because we got payment in USD.
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
30 June 2023 "Sorry, I am not a featured member."

For featured members contact....

https://www.caclubindia.com/catalogue/featured.asp
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
12 May 2026
Accounts Executive

Nafa Group

Mumbai

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details