https://www.taxtmi.com/article/detailed?id=7943 Merchanting trade is an international intermediary transaction where an Indian resident buys goods from a supplier in one foreign country and arranges sale and direct shipment to a buyer in another foreign country without the goods entering the domestic tariff area or undergoing transformation. Both import and export legs must comply with applicable rules; both legs must be routed through the same authorised dealer bank which must satisfy itself on bonafides and observe KYC and AML. Export proceeds must be received before remittance for the import and the transaction must be completed within the prescribed overall period. en-us Mon, 02 Apr 2018 08:28:07 +0530 Mon, 02 Apr 2018 08:28:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=7943 Merchanting trade is an international intermediary transaction where an Indian resident buys goods from a supplier in one foreign country and arranges sale and direct shipment to a buyer in another foreign country without the goods entering the domestic tariff area or undergoing transformation. Both import and export legs must comply with applicable rules; both legs must be routed through the same authorised dealer bank which must satisfy itself on bonafides and observe KYC and AML. Export proceeds must be received before remittance for the import and the transaction must be completed within the prescribed overall period. Articles Customs - Import - Export - SEZ Mon, 02 Apr 2018 08:28:07 +0530 https://www.taxtmi.com/article/detailed?id=7943