TaxTMI 
TaxTMI 
Is payment of commission to overseas agent permitted before the shipment is made. i.e., can the commission be paid as advance.
Regards
overseas agency commission
14 Sep 2012 
1 Reply 
1515 Views Asked by
Advance remittance for import of services permits pre-shipment commission payments to overseas agents, subject to prescribed conditions.
Payment of commission to an overseas agent can be made before shipment by classifying it as an advance remittance for import of services; the Master Circular permits such advance remittances without a ceiling provided the procedural and documentary conditions in para 12 C.2 are satisfied. (AI Summary)
Payment of commission to an overseas agent can be made before shipment by classifying it as an advance remittance for import of services; the Master Circular permits such advance remittances without a ceiling provided the procedural and documentary conditions in para 12 C.2 are satisfied. (AI Summary)