In case an Indian Company purchases goods from foreign parent company, the payment can be made thru normal banking channels.
If in case the invoice says it is for non-commercial product and is used in production, will there be any problems at the time of making payment? also from Excise/RBI perspective will there be any issues?
30 November 2010
The transaction is required to be explained to the Bank for making payment. They will easily agree for amount equal to the value declared in Bill of entry.