payment from over seas buyer , FEMA

[MUKUND THAKKAR]

one  company  want  need  the material  in india, and  company will paying  the material value in US $. this  type  of  transcation which documents  is  require  from buyer,

for   getting   it  the  foreigen currency which documents  need to submit with the  to bank by supplier. 

Posts / Replies

[Pradeep Khatri]

We can understand from the above query that you are talking about importation of goods into India from a foreign destination.

Following documents would be required, namely:-

1. Importers Exporters Code (IEC) with BIN alloted by the Customs Department.
2. Advance Authorization/EPCG Licence, if applicable
3. Commercial Invoice
4. Packing list
5. Certificate regarding quality/quantity.
6. Certificate of Origin
7. Bill of Lading/Airway bill (as the case may be)

Regards

Pradeep

[MUKUND THAKKAR]

sir,

My  question is  my customer  needs goods in india , and  he will paying  value  of  goods  in  FC.  same is possible  and  if  yes, than what documents is  require  to submitted in  bank against  receipt  of  such  FC payments.