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RBI APPROVAL , FEMA

Issue Id: - 2556
Dated: 28-12-2010
By:- VISHNUDAS NAIK PARSAKAR

RBI APPROVAL

Contents

IF GOODS ARE SUPPLIED TO COMPANY IN INDIA AND BILLING IS DONE TO COMPANY IN UAE. REMITANCE WILL BE RECEIVED IN USD FROM UAE DO WE NEED TO TAKE PRIOR APPROVAL FROM RBI FOR SUCH CASES. IF NO PLEASE GIVE REFERNECE TO CIRCULAR/NOTIFICATION ETC.

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1

1 Dated: 22-6-2011
By:- Surender Gupta

There is no specific provision about this in accordance with my knowledge. But, you must provide the details to bank before getting the remittance to avoid the allegation of illegal money.

Page: 1