Third party payment

[SANJIV KOTHARI]

Can third party payment be accepted in foreign exchange against sale made to other foreign buyer.

 

Regards

Sanjiv

[Rama Krishana]

Yes, payment is allowed to be received through third party subject to terms and conditions. See RBI Circular on this issue.

AI Summary

Third party payment permitted in foreign exchange subject to prescribed terms and conditions for sales to third-party buyers. Acceptance of third party payment in foreign exchange for a sale made to another foreign buyer is permitted subject to compliance with applicable terms and conditions and prescribed documentation and procedural safeguards under the relevant regulatory guidance.