Our Company has A valuable Govt Custmor say X ltd.

The terms & Conditions of purchase order is as under:

In case of delay in delivery beyond specified date then there will be a deduction towards LD (Liquidated damages charges) @ 1% of the basic order value only.

Now,part of ordered goods have been delivered in time. for rest of the goods which we have delivered after due date, the client is deducting LD on TOTAL BASIC ORDER VALUE BUT NOT ON BASIC ORDER VALUE OF UNDELIVERED PORTION.
On another second late delivery of same order, they are deducting LD ON TOTAL BASIC ORDER VALUE BUT NOT ON UNDELIVERED PORTION.

Ex. Total basic order value : 500000
60% delivered in time so no LD

rest 25% 1 week late of basic order value 125000: LD deducted on Rs 500000 whereas it should have been deducted on rs 125000

Rest 15% 2 week late of basic order value rs 75000. LD Deducted on rs 500000 whereas it should have been deducted on rs 75000.

That means for every late delivey ,client id deducting LD on TOTAL BASIC ORDER VALUE.

There is no result of Personel Meetings & disscussions. The client says that we have mentioned in our Order LD on TOTAL BASIC ORDER VALUE but according to my and my directors view it is implied that it is on undelivered portion only.

If iam Correct than what step i should take to recover the payment
Whether i should go for interpretation of deed.

Kindly Solve the problem

thanx for reply but tell me please if dere is any double taxation benefit agreement b/w india & london & Dubai..........if is den plz tell me for short term capital gain on equity shares.

plz can anyone tell me short term capital gain on equity shares.for nri's in detail..........

do i know web sites for company law

I am the student of PCC Level. my article trainning is running about four months.
I having problem in the firm.
I want to change the firm.
Please send me the procedures for transfer to the other firm?

I am confuse wihile filing ROC return form
Point No.VII of INDEBTNESS OF THE COMPNAY (Secured Loan include Interest outstanding/accrued). Please advise me Our OCC (Credit limit) Bank account balance should be inculded in secured loan or excluded from the Secured loan. while the same were shown in balance sheet under the head unsecured loan.Becasue it is gainst Hyp. of Stock & book debts.

Same as we have taken adhoc limit from bank of 2 Crore should be include or excluded in secured loans.

Pls advise me.

hi


i am persuing cwa final and i have my exams in december'07 and i also working as an internal auditor in ICFAI. But while i am getting leasure in office i wish to prepare my exams but it is unable to prepare by manully so i wish to go online study. so i am requesting to suggest me any chances to prepare like that even practicals or theoritically.I will thankful to you if u do so.




thank you

what would be the expected stipend for a pe2 student in banglore auditfirms

Any chartered Accountant working in Audit Firm having COP can apply for Part-time Practise(with the permission of the employer)

If yes, That Person can apply for Bank Audit in his Individual Name.

Yours Sincerely

prasanna venkatesan

Dear Sir,

As we are new in the business of Agri export,kindly guide me with regard to the various schemes of Govt.under which we can claim the benefits and various reporting to be done to the Govt.

We are going to set up Food Processing Plant,guide me with regard to the any benefits from the Govt,concession in the interest rate of Bank loan.

Suggest the books & website address where information for the same is available.