TaxTMI 
TaxTMI 
Reimbursement of expenses
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....eimbursement of expenses<br> Query (Issue) Started By: - NARENDRA CHORE Dated:- 14-3-2013 Last Reply Date:- 20-3-2013 FEMA<br>Got 1 Reply<br>FEMA<br>Our Company is 100% subsidiary of Finnish based com....
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....pany having office in Mumbai. The Indian company looks after execution of projects and after sales service. The manufacturing unit is located in Finland. The foreign company got one big order in Karna....
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....taka and during erection of machinery they need some items (like bolts and fabrication of small items) to be purchased locally to save time and freight. Hence they asked Indian subsidiary to purchase ....
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....the items on their behalf and send to site. The foreign company told that expenses incurred by Indian company to purchase item shall be reimbursed in Euro against debit note. Kindly advise whether su....
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....ch kind of transaction permissible under FEMA. Reply By CA. Surender Gupta: The Reply: Whether such project was subject to the approval of RBI, what was the conditions and restrictions etc. Basic fa....
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....cts and details would help to understand the issue in clear terms.<br> Discussion Forum - Knowledge Sharing ....