Home Forum Customs - Exim - SEZ Month 6 2019 2019 (6) This
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BL Switching and payment settlements/ triangular shipments - Customs - Exim - SEZExtract 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 directly 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 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 what about bill of exchange ? hwo it is handled or how the payment is settled in bank and rbi ? regards Nikhil
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