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Taxation for Dollar bill in India

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(Querist)
17 December 2010 Hi, We are purchasing 1 material from Indian vendor for our mozhambique project at south africa. Vendor is saying he will bill to our company in dollar value and he is have warehouse other country, materials will be shiped from there. Is it possible to bill in dollar since its domestic billing ? is it acceptable? if any tax implications ? please clarify me urgent
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CA Shailesh Kumar Bhagat

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CA Shailesh Kumar Bhagat (Expert)
18 December 2010 Yes , It is possible.

Since both the compnay are in India, No income tax implication, this is simple sle purchase transaction.
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