Bill to Indian company Ship direct to buyer in country X from seller in country Y

This discussion explores a scenario where an Indian company facilitates a trade deal, billing the buyer in Country X while shipping goods directly from a supplier in Country Y. The core question is whether this constitutes import/export for India, especially when goods don't physically enter the country. Participants clarify it as a merchanting trade transaction, generally permissible under RBI guidelines, and discuss its GST implications, noting it's likely not subject to GST as per Schedule III of the CGST Act.