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

Syed Abdal Hussain (owner) (21 Points)

15 November 2023  

An export import company from India  secures an order from country X  @ USD 200 to supply agri products (40MT) which are procured from a supplier in Country Y @ USD 150. Can this transaction be termed as Import and Export  Bill to Ship to; Bill to India Ship to Country X. Bank tells this is not import or export as goods are not supplied from/to india. How do this type of transactions take place are they legal in India. Does RBI have any direction  in respect of remittances and  whether GST is applicable.