7A.13
- Document type
- Manual
- Dated
- Category
- Exchange Management Manual
Appointment of Buying Agents Abroad
Authorised dealers may, on application and supported by particulars including relevant correspondence/buying agency agreement, allow remittance of commission to overseas buying agents of Indian importers provided the rate of commission does not exceed 2.5 per cent of f.o.b. value of imports. The amount remitted should be endorsed on Import Licence [See paragraph 7A9(i) also].