Legal Question in Business Law in India
Payment to expat
Whether the payment to Expats in India can be made in foreign currency to their respective overseas bank accounts.
Asked on 8/10/07, 12:18 am
3 Answers from Attorneys
Jayesh Desai
Jayesh Desai
Re: Payment to expat
Subject to certain conditions, yes. They may or may not be able to convert it back to foreign currency - depending upon facts and circumstances of each case.
Answered on 8/10/07, 12:44 am
Prabhat Shroff
Shroff & Company
Re: Payment to expat
ys, it can be done subject to certain terms and conditions laid by RBI
Answered on 8/10/07, 1:01 am
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