Pmt recd in foreign currency agst central sale

SUBHASH SHARMA (Querist) 28 August 2015 This query is : Resolved
IF CENTRAL SALES WAS MADE TO A MNC IN INDIA

SAME MNC MAKE PMT IN USD

SALE WILL BE TREATED AS DEEMED EXPORT OR NOT

RBI WILL CONSIDER THIS PMT AGAINST CENTRAL SALES MADE OR NOT.

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P. Venu (Expert) 29 August 2015
Please state your specific problem, if any.

Rajendra K Goyal (Expert) 29 August 2015
All the record need to be perused, consult local consultant in the field.

SUBHASH SHARMA (Querist) 29 August 2015
FOREIGN CURRENCY RECEIVED BUT THERE IS NO EXPORT SALE MADE ONLE INTERSTATE SALE MADE

RBI MAY RAISE QUESTION ON SUCH PMT OR NOT
OR SUCH PAYMENT WILL BE CONSIDERED AGST CENTRAL SALES

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