Are Form 15CA & 15 CB mandatory for forex payment against import of Raw Material Goods?, Income Tax

[VIjay Lagad]

Dear Sir/Madam

We are regular Importer for Raw Material from China & Germany. While do ing the Telegraphic Transfer payments , now banks are imposing form 15CA & 15CB certified by CA and along with Form A1. Are these forms are mandatory for the forex payments against import of goods for manufacturing or for machinery spare parts?

Please guide.

Thanks & Regards

VIJAY LAGAD,

CMD,SUPERNOVA, Nashik