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Please Help: FCNR

Posted Date : 19-Jan-2019 , 04:50:37 pm | Posted By: LALIT MOHAN AHUJA

Category : FEMA | Answers : 0| Comments : 0| Hits: 155

In 2013, Export of Personnel Health Products was made. The payment was received thru banking channel in Convertible foreign exchange. FCNR were not received. The bank is insisting on FCNR for clearing. However, FCNR is issued by receiving Banker of which the company has no knowledge who was negotiating banker, nor its bankers presently are able to tell. What needs to be done?

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