Writting off foreign debt
This query is : Resolved
02 September 2013
can anyone tell me what are the conditions and consequences of writting off of foreign debts?
03 September 2013
You shousd have proof that u tried via legal way to recover debts but couldnt recover it.
03 September 2013
There are specific guidelines of RBI for the same . also the Indian company should have brought the non payment issue on timely basis to RBI, only then the write off is permitted.
Anuj
femaquery@gmail.com
Anuj
femaquery@gmail.com
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