Payment in usd & benefit in import duty

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

05 February 2013 i am ISI certification consultant, at present i am providing certification consultancy to china based company.

as per our contract company has paid me 4000USD in my account, in this regards i have IE code and all related farmalities i have completed.

my question is as under:
as i have received 4000USD from them and i am interested to import few testing equipment from china and chinese company wants this payment in USD.

kindly guide me how can i make payment to him, and what benefit regarding import duty can i avail in future.
pradeep kumar mod

RAMESH KUMAR VERMA

RAMESH KUMAR VERMA (Expert)
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09 February 2013 As Per Para 2.40 of foreign trade policy 2009-2014

ask your banker for provide

1. TT
2. LC
3. D/D

IN DESIRED REQUIREMENT.

more info:

http://rbidocs.rbi.org.in/rdocs/notification/PDFs/14ME010212FS.pdf