Service for foreign customer

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

02 June 2010 We are manufacturer of precision turned components for domestic & foreign customers. In some cases foreign buyers wants to develop the tooling on his behalf and he is saying that if tooling will approved by us he will pay in foreign currency. Then in this situation what is accounting treatment and what paper we submit in custom department?Is any violation of rules of FEMA.

Secondly if we want to dispatch some parts through courier to aboard then what is the procedure in customs.

Please guide me in detail with reference. It is very important.

Ashok Asthana

Ashok Asthana (Expert)
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04 June 2011 It will be treated as normal exports and export documentation and procedures have to be followed.

For supply through courier, contact the courier Company like DHL. They will inform you the details. The procedure is very simple.