Which laws are applicable for given transaction

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Querist : Anonymous

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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

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Querist : Anonymous

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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.

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Querist : Anonymous

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07 August 2012 Mr.Amol- thank you


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