ICICI

FEMA Provisions for collection agent


Anil kumar (CA in Practice)     02 May 2019

Anil kumar
CA in Practice 
 36 points

| My Other Post

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 ?




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