Buyer's Credit - A Source of Finance

Rajan Kapoor , Last updated: 21 April 2011 Share Follow on Google News

When Indian concern purchases goods from foreign supplier against letter of credit then the Indian concern can avail buyers credit arrangement. It is a source of finance provided by banks in foreign currency against foreign letter of credit. Before the due date of letter of credit Indian concern

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About the Author

Rajan Kapoor

Professional

I am a member of the Institute of Chartered Accountants of India (ICAI) since 2004. I have 20 year of post qualification experience in the area of accountancy, finance, taxation and auditing etc. No matter how much we learn, there is always more knowledge to be gained. In this connection I am reminded of a short ... Read more

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