11 August 2008
Dear sir one Pvt Ltd Co is dealing export and import businees. i just want to know that when company made export sale and sale value received in foreign exchange whether any FEMA Compliance attracts on receipt and payment of these payments.
24 August 2008
Just ensure that the payment is received with 180 days from the date of export. If payment is not received then RBI has to be intimated and extension of time is to taken for receipt.
CAclubindia
