Goods bought from Foreign Supplier but shipped from its Indian Contract Manufacturer

[Guest]

Hi all,

ABC (Delhi) - Buyer

XYZ (UK) - Seller

PQR (Chennai) - Contract Manufacturer of XYZ (UK)

Goods were sold by XYZ (UK) to ABS (Delhi) but the goods were shipped from PQR (Chennai). Now in course of making remittance from ABC(Delhi) to UK showing it as imports the bank demands BOE and other shipping related documents.

Can anyone guide me the structure through which the foreign remittance can be made?

Thanks

[YAGAY andSUN]

Please check para B.7 of the Master Direction - Import of Goods and Services as issued by RBI in 2016.

AI Summary

Import documentation requirements: bank may demand bill of entry and shipping documents before permitting foreign remittance for imported goods. Bank treating the payment as an import remittance demanded a bill of entry and shipping documents for goods sold by a foreign seller but shipped from its Indian contract manufacturer; respondent advised reference to the Master Direction provision on import documentation as the governing compliance framework.