Mr. Atul, an Indian national desires to obtain Foreign Exchange for the following purposes:

Mr. Atul, an Indian national desires to obtain Foreign Exchange for the following purposes:

  1. Remittance of US $10,000 for the payment for goods purchased from a party situated in Nepal.
  2. US $10,000 for remitting as commission to his agent in U.S.A. for the sale of commercial plots situated near Bangalore, consideration in respect of which was received by Mr. Atul by way of foreign currency inward remittance amounting to US $1,00,000. Advise him if he can get the Foreign Exchange and under what conditions.

"Is this question part of your assignment? We can help"

ORDER NOW