https://www.taxtmi.com/forum/issue?id=113805 Merchanting trade occurs when an Indian intermediary arranges purchase from a seller in one foreign country and sale to a buyer in another without the goods entering the Domestic Tariff Area and without transformation. Only goods permitted under the Foreign Trade Policy may be used. The same Authorised Dealer bank must handle both import and export legs, observing KYC and AML requirements. Transactions must complete within nine months, have no foreign exchange outlay beyond four months, and export proceeds must be received before remittance for the import leg. en-us Thu, 31 May 2018 12:52:40 +0530 Thu, 23 Jan 2025 15:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113805 Merchanting trade occurs when an Indian intermediary arranges purchase from a seller in one foreign country and sale to a buyer in another without the goods entering the Domestic Tariff Area and without transformation. Only goods permitted under the Foreign Trade Policy may be used. The same Authorised Dealer bank must handle both import and export legs, observing KYC and AML requirements. Transactions must complete within nine months, have no foreign exchange outlay beyond four months, and export proceeds must be received before remittance for the import leg. Discussion-Forum FEMA Thu, 31 May 2018 12:52:40 +0530 https://www.taxtmi.com/forum/issue?id=113805