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?

AI Summary

Company Faces Payment Issues Due to Third-Party Listing in BOE; RBI Approval or Amendment Needed for Resolution A company imported capital goods with payment made by its parent company to the vendor. However, the Bill of Entry (BOE) lists only a third party, and the Authorized Dealer (AD) refuses to process payment to the parent company without amending the BOE or obtaining RBI approval. One response suggests using contract letters and explanations as proof with the third party, while another advises that third-party payment is permissible if indicated as 'Buyer other than consignee' or 'Third Party Payment' in relevant documents like invoices or the BOE.