What are the compliances required under FEMA and other allied laws for an ITES Company, registered with STPI, offering the following services? : -
(1) Software development and allied activities
(2) Data entry, data conversion and other similar BPO services
(3) Call center services
when any inward remittence is there for business purpose, u have to get IE code issued from DGFT, this is once time registration, which cover such transactions,
you have to issue invoice with IE code to the payee.
while get BRC, you need to show the purpose of such remittence, which they report to DGFT, so an E code would make the transactions covered under FEMA
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