Payment of Money of sister concern to parent company ,

tarun (Querist) 16 October 2008 This query is : Resolved

We have bought machines from one company in USA, regarding payment they requested that amount should be sent to Parent company on behalf of sister company (seller company) working under parent company.

They have referred to such arrangement as accepted commercial practice in the field.

I wish to know how far such commercial practice is recognized and whether it will also holds good in international arena ?

Plz guide and support

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