Is it true that if i'm a foreigner and going to India for businesses purposes and if i want to export anything

Question

i should transfer my money by using bank? I'm looking to go to India to buy goods and i've been told by this internet friend that i must transfer the money into his account if i want to export goods in India.

Answer 1

your question is not clear, you have to export to india or export from india, whatever it may be, biggest enemy is a friend, always trust bank

Answer 2

If you transfer funds to your Internet friend's account, you can never retrieve the funds from your said friend.

You can carry with you traveller' cheques , or banker's

drafts to India.  If you bring in, into India over USD 10,000/-

you have to declare to the customs people at the

port of disembarkation ( entry point). They will issue a certificate as to your possessing foreign exchange to the value that you declare. It can be USD,Euro or any other convertible currency.

You can en-cash your traveller's cheques & drafts into

Indian money and make your purchases, You can organise to export the goods purchased without any problem if you

produce the encashment certificate to the customs officials.

A forwarding agent can do it for you for a small commission.

Don't ever send any money to an unknown party.

You may lose your money.

Sometimes you may not be able to trace your so clled internet friend. after reaching India

And,by the way, if you think that  I am not inquisitive,

please let me know what type goods that you propose to buy in India.

Answer 3

no, ur exporting goods there ur not importing exporting goods from there. Unless u mean ur buying goods from india and need money there to pay for it. Then speak to ur bank for advice for buying goods from aboard .