Please help me:
Now, if i import goods and sold as such in domestic market,
1. Is there any requirement of compliance as per FEMA?
2. Do i need any special licence to do so?
3. Do i need any trade licence?
Anand (student) (116 Points)
10 June 2013Please help me:
Now, if i import goods and sold as such in domestic market,
1. Is there any requirement of compliance as per FEMA?
2. Do i need any special licence to do so?
3. Do i need any trade licence?
CA Viswanadh
(Chartered Accountant)
(190 Points)
Replied 11 June 2013
Under FEMA if you make forex remittance you have to import goods to the extent of remittance. You have to submit Bill of entry to your banker to evidence import within three months of import.
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