Remittance for overseas equipment imports allowed for BPOs subject to approvals, bank verification, supplier payment and certification. Authorised Dealer Category I banks may permit BPO companies to remit funds for equipment purchased and installed at overseas International Call Centres, provided the BPO has requisite approvals, the bank verifies bonafides and contractual compliance, payment is made directly to the overseas supplier, and the bank obtains a CEO or auditor certificate confirming importation and installation at the overseas site.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Remittance for overseas equipment imports allowed for BPOs subject to approvals, bank verification, supplier payment and certification.
Authorised Dealer Category I banks may permit BPO companies to remit funds for equipment purchased and installed at overseas International Call Centres, provided the BPO has requisite approvals, the bank verifies bonafides and contractual compliance, payment is made directly to the overseas supplier, and the bank obtains a CEO or auditor certificate confirming importation and installation at the overseas site.
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