https://www.taxtmi.com/forum/issue?id=114180 Advised procedure: require the UK supplier's invoice and bill of lading to show the UAE buyer as bill-to, cite the Indian intermediary as account party, and reference the LC and purchase order; after receiving UK shipping documents the Indian intermediary must raise a US dollar invoice in favour of the UAE customer with LC/PO references and submit those documents to its bank for foreign currency realisation. The transaction is treated as merchandise export for documentation but is ineligible for Indian export benefits because goods are not exported from India; consult the bank due to absence of Indian shipping bills or customs documents. en-us Wed, 26 Sep 2018 11:53:37 +0530 Thu, 23 Jan 2025 15:55:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=114180 Advised procedure: require the UK supplier's invoice and bill of lading to show the UAE buyer as bill-to, cite the Indian intermediary as account party, and reference the LC and purchase order; after receiving UK shipping documents the Indian intermediary must raise a US dollar invoice in favour of the UAE customer with LC/PO references and submit those documents to its bank for foreign currency realisation. The transaction is treated as merchandise export for documentation but is ineligible for Indian export benefits because goods are not exported from India; consult the bank due to absence of Indian shipping bills or customs documents. Discussion-Forum FEMA Wed, 26 Sep 2018 11:53:37 +0530 https://www.taxtmi.com/forum/issue?id=114180