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

[HAMZA PAWASKAR]

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

AI Summary

Buyer Faces Bank Hurdle Over Import Documents; Refer to RBI's Master Direction Paragraph B.7 for Guidance ABC, a buyer in Delhi, purchased goods from XYZ, a seller in the UK. However, the goods were shipped directly from PQR, a contract manufacturer in Chennai. ABC is facing issues with their bank, which requires a Bill of Entry (BOE) and other shipping documents to process the foreign remittance as imports. A response suggested referring to paragraph B.7 of the Master Direction on Import of Goods and Services issued by the Reserve Bank of India in 2016 for guidance.