07 April 2012
Say A in India imports goods from B in Hongkong and sells these goods on High sea to C in India. Now, can A raise invoice to C in the Foreign Currency say $ in which invoice was raised by B to A. Purpose of invoicing in $ is to eliminate forex fluctuation effect. Pls suggest is it allowed?
08 April 2012
I might not have framed question properly. Actually, the hongkong party (B) is seller and A (Indian party) is importing from B and reselling to C(another Indian party) before landing of goods at Indian port (i.e. High Sea Sales). Can A raise sales invoice to C in $?
CAclubindia
