Advise on fema

Rajesh Rao (Querist) 29 April 2023 This query is : Resolved
Dear sir,
I need advise, whether we can pay local payment in USD. Vendor registered in india and purchase invoice will be issued in USD.
for contract execution outside india.

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Quick Summary

This discussion addresses a query regarding the permissibility of making local payments in USD to an Indian-registered vendor. The vendor issues invoices in USD for contract execution outside India. The consensus suggests that payment can indeed be made in USD, provided it aligns with the terms agreed upon in the business contractual agreement.

kavksatyanarayana (Expert) 29 April 2023
To my best "payment can be made in USD" but you ask this query in caclubindia.com".

Dr J C Vashista (Expert) 30 April 2023
It is not a legal dispute / issue / problem for consideration and obligation of experts on this platform.

T. Kalaiselvan, Advocate (Expert) 30 April 2023
You may adopt the mode of payment as agreed upon in the business contractual agreement

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