05 December 2012
We have msde the payment of commission (due against export of rice) paid to foreign company in USD threw bank and there is not any correspondence office in India of the foreign commission agent compant.
06 December 2012
Mr Arun seems your bank has erred in remitting the foreign currency to a foreigner without following the procedure of Form 15CA and 15CB (as pointed out by our worthy friend Mr Arihanth Kumar).
A qualified CA certify the amount to remit after TDS. Process of Form 15CA and 15CB is a manually as well as online function.
CAclubindia
