Which laws are applicable for given transaction


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2012 Dear All,

Transaction- Purchase of Machinery from Singapore by Indian Company is to be made.

Query- Which Laws are required to be complied for payment on account of purchase to be done(Eg: FEMA, Income Tax, RBI, etc.)

Please reply asap.

Thanks in advance for giving guidance.

07 August 2012 Customs & Excise. FEMA

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2012 What are the requirement of FEMA?(Which forms or permission are required to be complied for FEMA law)


07 August 2012 For open category import no permission from RBI. For payment you can get a CA certificate. For quota kind of import, you need to apply for the permission.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2012 Mr.Amol- thank you


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
Featured 07 November 2026
Paid Assisstant

DPV & Associates

Chennai

CA Inter

View Details
Company
Featured 29 October 2026
Accounts Executive

Synergy Keystone

Chennai

B.Com

View Details
Company
ARTICLESHIP 23 October 2026
CA Articleship / Article Assistant

M N Rao & Associates LLP

Vijayawada

CA Inter

View Details
Company
ARTICLESHIP 23 October 2026
Articled Trainee

J Y & CO

Hyderabad

CA Inter

View Details
Company
02 November 2026
Audit Executive

SRJP & Co LLP

Kochi

CA Inter

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details
Company
31 October 2026
Accountants

sankaran and krishnan

New Delhi

B.Com

View Details
Company
Featured ARTICLESHIP 31 October 2026
CA Articleship

apricus india

Navi Mumbai

CA Inter

View Details