Jigish
EM
[ Scorecard : 38]
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Posted On 06 July 2011 at 08:39
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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)?
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Nikhil Gupta
CA Final
[ Scorecard : 81]
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Posted On 06 July 2011 at 09:29
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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.
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valji
Accounts manager-MBA
[ Scorecard : 2078]
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Posted On 06 July 2011 at 11:07
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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
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suman
Auditor
[ Scorecard : 383]
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Posted On 06 July 2011 at 14:35
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Originally posted by : valji |
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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 |
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Agreed with Mr.Valji
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Nikhil Gupta
CA Final
[ Scorecard : 81]
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Posted On 06 July 2011 at 15:48
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Originally posted by : valji |
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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 |
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Yes
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