WHY THE FAQUE COMMISSION IS WRITTEN ON THE SHIPPING BILL
Jagjeet Singh (ca-final) (174 Points)
03 February 2010WHY THE FAQUE COMMISSION IS WRITTEN ON THE SHIPPING BILL
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 03 February 2010
DT:03.01.2010
MUNNY,
BEFORE THE EXPORT OF GOODS BUYER & SELLER DO AGREEMENT ON EXPORT SALES CONTRACT , AND IF THEY AGREE FOR THE COMMISIOMN IS GIVEN BY THE EXPORTER TO CONSIGNEE .
THE BUYER / HIS AGENT IS LIABLE FOR RECEIVING THIS COMMISSION.
WHEN REALISATION RECEIVED BY EXPORTER, IN BANK CERTIFICATE OF EXPORT AND REALISATION , IN APPENDIX-22A, THROUGH BANK THEN BANK DEDUCT THIS AMOUNT IN COLUMN NO. 12.
REAGIONAL LICENSING AUTHORITY , DGFT AND CUSTOM REALISED THE BENEFIT AFTER DEDUCTION THIS AMOUNT IN COLUMN NO.14.
THE CHA MENTIONED THIS AMOUNT BEFORE SUBMIT IN CUSTOM AUTHORISED , CMC CENTRE, THAT IS WHY MENTIONED THE WORD (FAC) IN SHIPPING BILL OF THE CONCERNED EXPORTER.
REGARDS,
RAMESH KUMAR VERMA
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 03 February 2010
munny,
have u any query captioned the subject tell me, i remain you,
ramesh kumar verma
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 03 February 2010
munny,
DT:- 03.01.2010
TIME:- 4.42PM
F.A.C. refers to FOREIGN AGENCY COMMISSION AND AS PER FOREIGN TRADE POLICY PROCEDURE & HAND BOOK .PROCEDURES . (VOL-1) 2009-2014 THIS COMMISSION CAN NOT EXCEED 12.5%
REGARDS,
RAMESH KUMAR VERMA
RAMESH KUMAR VERMA
( CS PURSUING )
(43853 Points)
Replied 04 February 2010
dear sir,
as per hand book procedure vol-1 2009-2014 , para 4.43 of the said " an application for grant of credit under DEPB, made to reagional licensing authority , AGENCY COMMISSION SHALL BE ALLOWED FOR DEPB ENTITLEMENT UP TO 12.5% OF FOB VALUE ONLY"
RAMESH KUMAR VERMA
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