permitted activity URGENT
This query is : Resolved
27 April 2011
is a liaison office of a foreign company is permitted to do following activity
sourcing garments vendors and factories, order follow up, factory compliance, pre-shipment inspections
sourcing garments vendors and factories, order follow up, factory compliance, pre-shipment inspections
27 April 2011
Permitted activity List is given in the permission letter issued by RBI. LO needs to comply with the same.
However activities like Factory compliances, order follow up doesnt require any permission.
However activities like Factory compliances, order follow up doesnt require any permission.
27 April 2011
thanks but i have doubt regarding pre shipment inspection is it permitted sir
27 April 2011
Dear Seema,
LO can only do the activity relating to :
• Representing the parent company / group companies in India.
• Promoting export / import from / to India.
• Promoting technical/ financial collaborations between parent / group companies and companies in India.
• Acting as a communication channel between the parent company and Indian companies
So LO can due preshipment inspection if it relates to export from India.
You can also refer following RBI circular
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/3109APDIR23.pdf
LO can only do the activity relating to :
• Representing the parent company / group companies in India.
• Promoting export / import from / to India.
• Promoting technical/ financial collaborations between parent / group companies and companies in India.
• Acting as a communication channel between the parent company and Indian companies
So LO can due preshipment inspection if it relates to export from India.
You can also refer following RBI circular
http://rbidocs.rbi.org.in/rdocs/notification/PDFs/3109APDIR23.pdf
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