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Fema
My co. owns 100% subsidiary at singapore. It want s to remit an advance in USD/SGD twds freight charges for hiring a vessel for transportation of oil.
Is it permissible under FEMA? If yes, under which sec. or circular?????
Replies (2)
permissible under section 2(J) of fema.
Agreed with above answer. Its a permissible current account transaction.
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