Dear All eBay Co-Seller,
Hello !
International payments & Shipments.
Basic Requirement to Export anything:
1) Must Have Pan No. (Income Tax No.)
2) IEC Code
3) An Current Account In Any Nationalize Bank dealing in foreign currencies.
---------------------------------------------------------
Receiving Funds Through PayPal is totally Illegal. Still we are accepting it because we don't have any alternate.
but it is not the proper way to export.
---------------------------------------------------------
For Gem & Jewellery Sellers - We Can't Ship a single Rupees jewellery of precious metals or precious or semi-precious through courier.
You can clear all your doubts by visiting the link below.
http://www.helplinelaw.com/docs/main.php3?id=CLPR2
---------------------------------------------------------
The legal way to receive the payment is Wire Transfer (T.T), D.D, Cheque or Credit Card through proper channel.
---------------------------------------------------------
Wire transfer (T.T) - It is very simple and anyone who are having IEC code and Current account and wish to export can use this facility by providing your buyer the bank swift code. Each and every bank has there own unique payment route, which can be get by visiting to bank. Each currency has a different swift code so keep in mind when you forward it to your buyer.
---------------------------------------------------------
There is a fix format of Export Invoice. You can get this format in the market or can email me at ganpatishoppee@gmail.com.
You must have to ship the parcel using EMS (SPEED POST) 4 copies of Invoice either printed or typed. Custom supervisor will inspect your good & values declared on invoice and details. If everything is fine custom people will seal the parcel and endorsed the invoice and return two copies of invoice to you. Now you can deposit parcel at speed post counter. They will issue a receipt which is most important while you submit the invoice to bank in case if you are receiving money via T.T you must have to submit the invoice within 21 days to bank. Bank forward these documents to RBI. So that is properly an export. It is a very easy process.
---------------------------------------------------------
if anyone know has more information about legalization of PayPal please let me know.
Keep in mind that your bank or rbi will never accept the PayPal payment advice. The advice from Paypal is just for nothing accourding to Indian laws.
--------------------------------------------------------
If we export something, we must required a proof payment for that transaction within the time frame of 6 Months. Must take a print out of the transaction detail via paisa-pay and keep it as record. So that it can be put up as proof to RBI on demand.
--------------------------------------------------------
With Regards
Kapil.K
Hello !
International payments & Shipments.
Basic Requirement to Export anything:
1) Must Have Pan No. (Income Tax No.)
2) IEC Code
3) An Current Account In Any Nationalize Bank dealing in foreign currencies.
---------------------------------------------------------
Receiving Funds Through PayPal is totally Illegal. Still we are accepting it because we don't have any alternate.
but it is not the proper way to export.
---------------------------------------------------------
For Gem & Jewellery Sellers - We Can't Ship a single Rupees jewellery of precious metals or precious or semi-precious through courier.
You can clear all your doubts by visiting the link below.
http://www.helplinelaw.com/docs/main.php3?id=CLPR2
---------------------------------------------------------
The legal way to receive the payment is Wire Transfer (T.T), D.D, Cheque or Credit Card through proper channel.
---------------------------------------------------------
Wire transfer (T.T) - It is very simple and anyone who are having IEC code and Current account and wish to export can use this facility by providing your buyer the bank swift code. Each and every bank has there own unique payment route, which can be get by visiting to bank. Each currency has a different swift code so keep in mind when you forward it to your buyer.
---------------------------------------------------------
There is a fix format of Export Invoice. You can get this format in the market or can email me at ganpatishoppee@gmail.com.
You must have to ship the parcel using EMS (SPEED POST) 4 copies of Invoice either printed or typed. Custom supervisor will inspect your good & values declared on invoice and details. If everything is fine custom people will seal the parcel and endorsed the invoice and return two copies of invoice to you. Now you can deposit parcel at speed post counter. They will issue a receipt which is most important while you submit the invoice to bank in case if you are receiving money via T.T you must have to submit the invoice within 21 days to bank. Bank forward these documents to RBI. So that is properly an export. It is a very easy process.
---------------------------------------------------------
if anyone know has more information about legalization of PayPal please let me know.
Keep in mind that your bank or rbi will never accept the PayPal payment advice. The advice from Paypal is just for nothing accourding to Indian laws.
--------------------------------------------------------
If we export something, we must required a proof payment for that transaction within the time frame of 6 Months. Must take a print out of the transaction detail via paisa-pay and keep it as record. So that it can be put up as proof to RBI on demand.
--------------------------------------------------------
With Regards
Kapil.K
