TaxTMI 
TaxTMI 
Can third party payment be accepted in foreign exchange against sale made to other foreign buyer.
Regards
Sanjiv
Third party payment
04 Feb 2013 
1 Reply 
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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. (AI Summary)
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. (AI Summary)