BL Switching and payment settlements/ triangular shipments

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..... Dear Sir I would like to know some information regarding procedure under triangular shipment. I receive order for some goods from a company based in UK, and i source the goods from china, to directl .....

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..... y export to UK, and i do BL switch once the shipment is at china port. I would like to understand how payment system works without bill of exchange being generated in India, as the shipment is going .....

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..... directly from china, and i take advance from uk company and pass on to china company now when final shipment is ready Uk company pays me balance amount and i forward the pending amount to china, so w .....

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..... hat about bill of exchange ? hwo it is handled or how the payment is settled in bank and rbi ? regards Nikhil - BL Switching and payment settlements/ triangular shipments - Query Started By: - Nik .....

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..... hil Gupta Dated:- 14-6-2019 Customs - Import - Export - Customs - SEZ - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagement .....

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..... india - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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