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Jayanta Bandyopadhyay   06 July 2021

Forex emittance-factor or beneficiary-discharge of debt

We have placed on Foreign Order and Beneficiary mentions that their debts are assigned to activ factoring AG

.and Any payment to any other party will not constitute a valid discharge of the debt.

 

Our query is that we have no contact with Factor and then should we pay to the Beneficiary directly. Please enlighten vis a vis FEMA and other rules.

Rgds

Jayanta bandyopadhyay'

Howrah



Learning

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