How to make payments in Foreign country ?

Question

Pay for importing some thing to india ...[other than TT] can payments be done through Western Uninion or PostOffice or Money Gram ...

I want to send payment in China..please guide..?

Answer 1

Wire at a bank that has a corresponding bank in CHina.  Lots of scams around so be sure you know how is getting your money.  When it is wired , you can not change your mind. /

Answer 2

Western Union, Post Offices etc can be used to receive remittance from abroad and not for making remittances.Import payments have to be necessarily through Authorised Dealers( Licenced Banks) and miscellaneuos remittances can be made through Authorised Dealers or Full Fledged Money Changers( Thomas Cook etc) .

The restrictions on imports are if any are laid down by DGFT, whereas restrictions if any relating to remittance abroad is administered by RBI in terms of FEMA.

If what you are intending to import from China is not on the banned or restricted list, you can import it and pay through your Bank.You have to negotiate with your supplier on terms such as advance payment, DA/DP basis or through LC mechanism.

Answer 3

contact your bank, u can send money through ban and that is the safest way out.,