TMI BlogFOC materialX X X X Extracts X X X X X X X X Extracts X X X X ..... I want openion on below case under FEMA If overseas parent commpany send raw material for export purpose only to it's subsadiry located in India on FOC basic . Indain subsadiary by using these raw m ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... aterial manufacturer finished product which is later export to parent company . In time of relaisation of export earning parnt comapny deduct raw material cost and realise remaing amount.. During th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e course of operation Indain subsadiry used some FOC material (supply by parent company) for its domestic sale ,and also paid the amount to sister cocern on that poration. This transaction is vaild ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... under the frame work of the FEMA. AMIT - Reply By Pradeep Khatri - The Reply = Under FEMA, such transactions are not allowed. Such transactions would land you in deep trouble. DRI can investiga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... te such transactions which voilates the provisions of FEMA. - FOC material - Query Started By: - Amit Apshankar Dated:- 12-6-2012 FEMA - Foreign Exchange Management - Got 1 Reply - FEMA - Discussio ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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