Can I setoff my foreign exchange payables against same party receivables and pay remaining amount only to that foreign party (e.g. US based software company) according to FEMA?
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Fema
Replies (3)
dear sir
please check circular for 18/2009 so it is valid for 2009-10
beforre that
please check for referance
which is vaild for 2008-09
sorry wrong attachement you can take set off not any problem
thank u sir for the reply
But can you send me any reliable source or notification related to that.
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