I am writing to outline the procedure following a recent transaction where I exported a product valued at $1000 USD, but received a payout of $800 USD, resulting in a shortfall of $200 USD (equivalent to 20% less than expected).
In response to this discrepancy, I have created an IRM detailing the shortfall and have promptly submitted it to the bank for review and resolution.
For example
From the Attached Link We have three invoices:
https://photos.app.goo.gl/SK9DJfwpFL2U9NRg9
Invoice 1: ₹30,000
Invoice 2: ₹25,000
Invoice 3: ₹45,000
The total amount for these invoices is ₹1,00,000. However, after deducting Payoneer charges, eBay fees, transaction charges, etc., the actual amount received was ₹84,411.11 This means we received ₹15,588.89 less, which is a 15.56% reduction.
Accordingly, we need to deduct 15.56% from each invoice:
Invoice 1: Deduct ₹4,667.67
Invoice 2: Deduct ₹3,889.72
Invoice 3: Deduct ₹7001.50
The final amounts, after deductions, are as follows:
Invoice 1: INR 25332.33
Invoice 2: INR 21110.28
Invoice 3: INR 37998.50
Please note that the amount shown in blue is the SWIFT amount. Kindly ask the bank to utilize this amount and close shipping bills accordingly.
Please let me know if you require any further information or documentation regarding this matter. I appreciate your attention to this issue and look forward to resolving it swiftly.
CAclubindia
