TaxTMI 
TaxTMI 
BL Switching and payment settlements/ triangular shipments
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....L Switching and payment settlements/ triangular shipments<br> Query (Issue) Started By: - Nikhil Gupta Dated:- 14-6-2019 Customs - Exim - SEZ<br>Customs<br>Dear Sir I would like to know some informat....
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....ion regarding procedure under triangular shipment. I receive order for some goods from a company based in UK, and i source the goods from china, to directly export to UK, and i do BL switch once the ....
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....shipment is at china port. I would like to understand how payment system works without bill of exchange being generated in India, as the shipment is going directly from china, and i take advance fro....
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....m uk company and pass on to china company now when final shipment is ready Uk company pays me balance amount and i forward the pending amount to china, so what about bill of exchange ? hwo it is handl....
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....ed or how the payment is settled in bank and rbi ? regards Nikhil<br> Discussion Forum - Knowledge Sharing ....