Online International Procurement via Credit Card

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..... Online International Procurement via Credit Card
Query (Issue) Started By: - Deepak Kurup Dated:- 23-3-2018 Last Reply Date:- 5-5-2018 FEMA
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FEMA
Hi, We are a public listed co .....

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..... mpany, and due to the nature of our work, we often do online international procurement with credit card. Since December 2017, our finance team is raising lot of concerns for the same and we wanted cla .....

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..... rity on the same. As per finance team, we cannot make overseas procurements through credit card as there are withholding tax and FEMA issues. Before any foreign remittance is made, we have to get form .....

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..... 15CA and 15CB from a CA certifying the forex transfer. Kindly advise. Regards Deepak Reply By YAGAY and SUN: The Reply: Please read Master Directions as issued in 2016 on import of goods and ser .....

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..... vices.
Discussion Forum - Knowledge Sharing .....

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