Paypal India Poblem

Sir

      Explain the word paypal

Yes Dear,

The same problem i m facing, our company also receives payments thru paypal and bank has refused to give FIRC / BRC.

if some expert can advice should we not treat payment received thru paypal, earning in foreign exchange or we have to tackle this problem in some other way.

I request all expert on this panel to give their view.

{(Dear Laxman PayPal means
n. Web-based service founded in 1998 that makes it possible for any person or business that have an e-mail address to send and receive payments online safely (it is based on the financial infrastructure of bank accounts and credit cards that exist today) }

actually bank should be able to trace the source of funds and accept paypal statements. these are genuine transactions. paypal says funds originated are outside india.