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Export of goods without Importing into India, FEMA - Foreign Exchange Management |
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Export of goods without Importing into India |
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Dear Sir/Ma’am, I want to know about the RBI & FERA/FEMA compliancies for Export of goods without Importing into India. Indian company in the receipt of order from a county (X) for which Indian company have Import same goods from another country (Y), company is planning to deliver the same goods directly from Country (X) to Country (Y) without Importing into India. Kindly confirm about the RBI & FERA/FEMA compliancies for the same Posts / Replies Showing Replies 1 to 3 of 3 Records
RBI/2019-20/152 A.P. (DIR Series) Circular No.20 January 23, 2020 GST will also be applicable as per various Advance Rulings. Please check.
Thanks... can you share AAR also?
You need to co related inward remittance and outward remittance with the nominal margin of 5 to 10%. No GST is applicable under sh.(III) (7) of CGST.
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