Please let me know what do you mean by upfront interest in terms of Export. The client has taken PC facility against the Export orders. The banker charges this on receipt of the proceeds.
Secondly, another question is relating to the liquor business. One person is having a license another is using that license for fixed fees for that license. Now the other person has taken the license and is doing that business. how does the transactions be accounted under both ends as the bills are named under the person who is having the license originally. Please mail me to maheshkulkarni29@gmail.com. I thank in advance for this help.
CAclubindia
