https://www.taxtmi.com/forum/issue?id=5419 Reimbursement of expenses for locally procured items purchased by an Indian subsidiary on behalf of its foreign parent and reimbursed in foreign currency raises FEMA compliance issues, including whether the arrangement is an agency or permissible current account transaction, and whether Reserve Bank approval, specific documentation (invoices, debit notes, proof of delivery), and reporting obligations apply. en-us Thu, 14 Mar 2013 17:36:49 +0530 Thu, 23 Jan 2025 15:57:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5419 Reimbursement of expenses for locally procured items purchased by an Indian subsidiary on behalf of its foreign parent and reimbursed in foreign currency raises FEMA compliance issues, including whether the arrangement is an agency or permissible current account transaction, and whether Reserve Bank approval, specific documentation (invoices, debit notes, proof of delivery), and reporting obligations apply. Discussion-Forum FEMA Thu, 14 Mar 2013 17:36:49 +0530 https://www.taxtmi.com/forum/issue?id=5419