Payment made through card for import of goods, BOE problem

Logically you need to submit Bill of Entry to the Bank of which card you have used for remitting the payment for import.

I know but what happened is the bank is telling me that they can only accept bill of entry for the payments made through remittance, they said that on the software its not reflecting any payment made that they can knock off against the bill of entry.

p.s. are there any professional lawyers or accountants that specialize in these sort of issues? i wouldnt mind consulting one on professional basis to sort out the issue.

Now you do one thing you ask your banker In FEMA where is it written that Bill of ntry can only be accepted if payment is made through  remittance ? Secondly the software of bank related to credit card must be showing your payment. 

Thanks, I will try again talking to them. Lets see what they say.

Please do inform out come

AGREED WITH EXPERT.

further more information link is :

https://www.rbi.org.in/scriptts/NotificationUser.aspx?Mode=0&Id=10201 

Originally posted by : RAMESH KUMAR
	AGREED WITH EXPERT.     further more information link is :   https://www.rbi.org.in/scripttts/NotificationUser.aspx?Mode=0&Id=10201

The link is giving an error.

@ CS Malay M Pota will keep you updated, already sent an email to HDFC Bank. Thanks once again.

Originally posted by : CS Malay M Pota
	Please do inform out come

So I finally received the following email from HDFC

"This is with reference to your e-mail dated December 31, 2019 with Subject line : "Card Payment for Importing goods".
Remittance of funds from India are subject to statutory Exchange Control Regulations governed by Reserve Bank of India.
Kindly log on to https://www.hdfcbank.com/personal/products/forex/remittance-products for more information about obtaining Foreign Exchange.
You will be required to submit Form A2 at any Branch of the Bank. Please click on below link to download the application form.
https://www.hdfcbank.com/assets/pdf/FormA2.pdf "

Thank you for updation.So, it means your problem is resolved.I hope you will be knowing about Form A2, it is a formality as per FEMA to purchase of Foreign Currency for outward remittance for Import.

Originally posted by : CS Malay M Pota
	Thank you for updation.So, it means your problem is resolved.I hope you will be knowing about Form A2, it is a formality as per FEMA to purchase of Foreign Currency for outward remittance for Import.

Hi, I think the problem is not solved, my query to the bank was whether it is possible to pay through Card or one has to do Remittance, and it looks like they are saying that one has to fill the form A2 and buy foreign currency first before making payment for the import.

Ok then you ask the bank that what does it means they are saying?

Dear Steph,

What does your banker say?

Originally posted by : CS Malay M Pota
	Dear Steph, What does your banker say?

Hello, i answered their email and asked them to elaborate and make clear if card payment is accepted or not but they usually take 3 or 4 days to answer, they kinda try to make me call their representative and talk to them on the phone, which i feel is quite useless since there is no written record of what they say. When I opened the bank account in HDFC I was told that I will be able to make Remittance for import online and now I discover they dont have such feature, and they also verbally told me to use Card for payment and now i am stuck with this problem.

Dear Steph,

If your banker ask for A2 then you need to ask your banker that you have paid for the item what you have purchased ie for import and for that Form A1 is applicable and not Form A2.Form A2 is applicable for remittance other then physical import.