28 January 2011
Two Indian companies have entered into contract wherein one company has raised PO in foreign currency. The company on which this PO is raised is subsidiary of a foreign company. Is it possible to raise PO in US$ between two Indian companies.
31 October 2011
I don't think FEMA permits Indian companies to raise invoices in US$ to Indian parties, the same is permitted only in case of STPI and SEZ units .
CAclubindia
