24 January 2012
I have received a purchase order from the Poland Customer. The order is for making a batching system which includes design, development, production, sales, Installation and Commissioning.
The terms of payment as per PO is as follows:
1. 20% advance payable against submission of Advance Bank Guarantee valid till supply and acceptance at their end. 2. 10% against drawing approvals. 3. 50% against supply 4. 10% against installation. 5. 10% against commissioning and submitting of PBG valid for one year.
Now my query is as follows:
1. Now i have received payment against sl.no.1 mentioned above and going to receive the payment for sl.no.2.
The necessary drawings were sent by mail to customer id and approval is received and no hard format is sent to them.
Can i raise a export bill now for the above if so what is the formalities to be complied with CEX if not please tell me when i can raise a final bill for the above.
CAclubindia
