In high sea sale, normally the PO is prepared before that foreign vendor despatches the material. In view of this, is it necessary for the buyer to cancell the PO placed on Indian supplier (having date prior to the shipment by foreing supplier) and generate a new PO at the time of signing the high sea sale agreement (time when the material is in transit)?
4 Replies
Nikhil Gupta
(CA Final)
(99 Points)
Replied 06 July 2011
Firstly, in High Seas Sale we are dealing with our home country supplier so the question of revision of PO from that of foreign supplier is irrelevant.
For getting the PO we have to deal with our home country supplier.
Please let me Know it i went wrong.
valji
(Accounts manager-MBA)
(2150 Points)
Replied 06 July 2011
AGREE WITH ABOVE ,BUT I THINK PO ALSO SUBJECT TO CHANGE ONLY IF HIGH SEAS AGREEMENT IS PERMIT
SO FIRST CHECK THE AGREEMENT OF HIGH SEAS PURCHASE
Nikhil Gupta
(CA Final)
(99 Points)
Replied 06 July 2011
| Originally posted by : valji | ||
 |
AGREE WITH ABOVE ,BUT I THINK PO ALSO SUBJECT TO CHANGE ONLY IF HIGH SEAS AGREEMENT IS PERMIT SO FIRST CHECK THE AGREEMENT OF HIGH SEAS PURCHASE |
 |
Yes
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