Import of goods payment to third party not mentioned in the BOE

[Roopa Kamath]

We imported capital goods for which our parent company had made the payment to the vendor - we have to release the payment to our Parent company but in the BOE only the third party name is mentioned and the AD is not agreeing to make the payment to the parent. Asking us to amend the BOE or get RBI approval. We donot know how to deal with either of this. Will any one be of help?

[Ravi Kumar]

Only the conrtact letter & Explanations proofs with 3rd party can help in this relation.

[Kishan Barai]

Payment from third party is allowed provided it should be mentioned as "Buyer other then consignee" or "Third Party Payment" in Invoice / PKL / IVD, B/E, etc

AI Summary

Third party import payments require explicit documentary notation and proofs for authorised dealer acceptance or BOE amendment. Third party payment for imports is permissible if supported by documentary evidence and appropriate notations: amend the BOE or seek RBI approval if required, and provide a contract letter and explanatory proofs; ensure the invoice, packing list, IVD and BOE expressly state 'Buyer other than consignee' or 'Third Party Payment' so the authorised dealer will accept the remittance.