Experts...Need some insights.
Can an India Manufacturer have Warehouse Abroad where in the Agreement will be directly between the Manufacturer and Buyer.
Manufacturer will ship to his warehouse abroad and Buyer will pull in as per his requirements. Need to understand can buyer pay manufacturer based on his pulled quantity of FIFO basis. How should be the export documents be, should it reflect the buyer details also?
Thanks in advance.....
Indian Manufacturers Allowed to Set Up Overseas Warehouses with RBI Approval; Conditions Apply for Export Turnover and Outstanding. An Indian manufacturer can establish a warehouse abroad, as permitted by the Reserve Bank of India's Master Circular on Export of Goods and Services. Approval from AD Category - I banks is required, provided the manufacturer's export outstanding is within 5% of the previous year's exports and they have a minimum export turnover of USD 100,000. Transactions must be routed through designated AD Bank branches, and initial permission is granted for one year, subject to renewal. For further clarification on export documentation and buyer payments, a detailed process outline is needed. (AI Summary)