Dear Sir or Madam,
I am supplier in Delhi = LOCAL_SUP
that import products from a company in Italy = INTL_SUP, terms are Ex-Works (EXW).
My customer is also in Delhi who has placed the Purchase Order on me and from whom I will receive the payment in INR = LOCAL_BUYER
He wants me to supply material from INTL_SUP to his final customer in USA = INTL_FINAL_BUYER.
He mentions in his PO that VAT will be NIL against Form H.
I want to know:
1. How will this transaction take place?
A.) Should LOCAL_SUP issue Retail Invoice to this LOCAL_BUYER in INR against form H? (would he be able to furnish Form H)?
B.) How will my books show sale & purchase?
C.) Since the LOCAL_BUYER will pick the goods himself from his nominated forwarding agent from INTL_SUP in Italy, should I send my invoice to italy and ask factory in Italy to handover the goods with LOCAL_SUP's invoice?
