1.

What Is “foreign Bill”?

Answer»

A FOREIGN bill is a FINANCIAL instrument which is drawn at in country and payable in another country. Any bill which is not an INLAND bill is a “Foreign Bill”. For example a bill drawn in LONDON and payable in Bhopal by a resident Indian is a foreign bill.

A foreign bill is a financial instrument which is drawn at in country and payable in another country. Any bill which is not an inland bill is a “Foreign Bill”. For example a bill drawn in London and payable in Bhopal by a resident Indian is a foreign bill.



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