Import from overseas-regarding

[Mathi]

We are MNC company in india and our counterpart in USA. We need to procure a shaft from our USA office and the shaft is not available. so our USA office advice to procure the shaft from their supplier who s located in Australia. So purchase order and payment will transfer to our USA office and we will bring the material from Australian Supplier to India..(Our USA office will settle to Australian suuplier)

In this connection How we will settle the transaction in IDPMS by ICEGATE

AI Summary

Third party payment imports can be closed in IDPMS when documents disclose the remittance trail and AD bank approves.
Third party payment for import transactions is permissible where an Indian importer orders goods from an overseas seller, but payment is routed through a third party, provided the import documents clearly disclose the arrangement and the AD bank is satisfied about the bona fides of the transaction. The Indian entity remains the importer of record, and the Bill of Entry should be filed in its name with the third-party payment narration reflected in the documentation. In IDPMS/ICEGATE, the transaction may be closed on the basis of the Bill of Entry and supporting remittance trail.