No violation of FERA if NR parent co. issued a credit note to Indian branch for sum otherwise not pa

FERA : Where non-resident parent company issued credit notes in favour of its Indian branch which was instead of being paid to it in India was adjusted against amount payable by latter to former, in view of fact that so called payments which were to be received were not owed to Indian branch office question of seeking general or special permission from RBI under section 16 did not arise