- Clarify: I have to buy goods in HK, sell in INDONESIA, Payment is in USD. Buyer and Seller handle USD, please let me know if i can ship the goods from HK to Indonesia directly, billing from INDIA> What is the process? Can it Possible ? Please let me know Sir.
Billing india,buying Hong Hong to selling indonesia
p parthiban
Bill-to-ship-to transactions preclude export promotion benefits where the seller does not physically export the goods, despite direct shipment. The arrangement is a bill-to-ship-to transaction: invoicing from India while goods are shipped from Hong Kong to Indonesia means the Indian seller does not effect a physical export and therefore cannot claim export promotion benefits. Commercially the shipment is possible; shipping documents should list the Indonesian buyer as consignee and the seller as notify party, but this documentation does not change eligibility for export incentives. (AI Summary)
TaxTMI