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Export of goods without Importing into India, FEMA - Foreign Exchange Management

Issue Id: - 117064
Dated: 5-3-2021
By:- Shubham Kansal
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

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Showing Replies 1 to 4 of 4 Records

1 Dated: 8-3-2021

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.

2 Dated: 9-3-2021
By:- Shubham Kansal


can you share AAR also?

3 Dated: 9-3-2021

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.

4 Dated: 1-12-2021
By:- Jayaprakash Kamath

Transaction can be done under Merchanting trade transaction. Transaction date will start from shipment date or outward remittance date or inward remittance date whichever is earlier and transaction should be completed within nine months. Outlay of funds if any should not be more than four months


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