Bill to overseas, Ship to India from India

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..... Bill to overseas, Ship to India from India
Query (Issue) Started By: - Shrinivasaraghavan P V Dated:- 22-5-2018 Last Reply Date:- 22-5-2018 FEMA
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FEMA
The situation is as follo .....

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..... w We produce machine in India and is under Contract Manufacturing Agreement with our Principal. We will now have to deliver a machine in India and bill to principal who is overseas. We will get the m .....

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..... oney from our principal. Should we include the GST as the delivery is to India when we bill? though the buyer is our Principal. What is the code under which the foreign currency can be cleared from .....

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..... the bank and what documents need to be produced to the bank? It would be of great help if experts answer this query. Also, let me know the clause under which this situation is described. Thanks. Re .....

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..... ply By YAGAY and SUN: The Reply: Under FTP 2015-2020, Such transaction may be treated at par with Deemed Exports but under GST Law only four categories are recognised as Deemed Export and the above t .....

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..... ransaction does not fall under the category of Deemed Export. Hence liable to GST.
Discussion Forum - Knowledge Sharing .....

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