Anil kumar (CA in Practice) 02 May 2019
1. A dubai based tour & travel company take booking online and give travel package to Indian customer and raised invoice in USD / AED.
2.dubai company asked customer to remit/deposit equivalent amount in INR in third party account which is a seperate indian company.
3. Indian company receive the payment and remit to dubai by showing dubai based company invoice in name of customer, ID and Address of customer.
4. there is no relationship. Indian company retained his commission before remmitting the fund to dubai based company
My query is
-Is there any violation under FEMA ?
-Whether third party Indian company can collect and remit to dubai ?
CAclubindia Online Learning offers a wide variety of online classes and video lectures for various professional courses such as CA, CS, CMA, CISA as well as various certification courses on GST, Transfer Pricing, International Taxation, Excel, Tally, FM, Ind AS and more. know more