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Formalities for inward remittance

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13 March 2020 sir,

we received an order from overseas buyer for manufacturing of garments
the garments to be handed over to an exporter in India for further process and Export in his name

buyer will make payment in US$ to us the manufacturing charges and exporter for other processing charges
we are raising invoice to buyer for the garment manufacture value and we get the payment

please advise what is the procedures and formalities to be followed by us

request you to advise

thanks
madhava guru

13 March 2020 Register under GST. Furnish letter of undertaking in GST portal to avoid GST payment on such export. Meet your banker with export orders and invoice for receiving the money.



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