Customs issue- change in invoice value after despatch by sea
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 January 2013
Dear Experts,
I would like to know the legal provisions for below issue. thanks in advance to all experts.
The Question is can the Invoice date be after the shipped on board date? Can the Invoice number change? legally correct?
imported some consignments on sea, shipped on 7th Jan and ETA is 25th, now the invoice value got changed and my supplier has done the correction, but they have system constraint and the new invoice will only have the current date and new invoice number, means both invoice number and date got changed.
a)Can this be acceptable to customs Dept, the invoice number is changed and the date is after shipping from origin?
b) my bank will receive the first inoive, later i will give them diffrent invoice , is it ok with BANK
I would like to know the legal provisions for below issue. thanks in advance to all experts.
The Question is can the Invoice date be after the shipped on board date? Can the Invoice number change? legally correct?
imported some consignments on sea, shipped on 7th Jan and ETA is 25th, now the invoice value got changed and my supplier has done the correction, but they have system constraint and the new invoice will only have the current date and new invoice number, means both invoice number and date got changed.
a)Can this be acceptable to customs Dept, the invoice number is changed and the date is after shipping from origin?
b) my bank will receive the first inoive, later i will give them diffrent invoice , is it ok with BANK
23 January 2013
kindly noted RBI approval is not required if, after the goods have been shipped, they are to
be transferred to a new buyer other than the original buyer in the event of default by the original buyer, provided the reduction in value, involved does not exceed 25% of the invoice value and the realization of export proceeds is not delayed beyond the period of 12 months from the date of export.
Regards,
be transferred to a new buyer other than the original buyer in the event of default by the original buyer, provided the reduction in value, involved does not exceed 25% of the invoice value and the realization of export proceeds is not delayed beyond the period of 12 months from the date of export.
Regards,
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Refund Annexure-B
- Liable to deduct tds and 44ADA
- Sale of Equity shares for Purchase of Residential Property
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- ECO SUPPLY REPORTIONG IN GSTR-1
- Is Interest applicable for payment made through credit ledger vide DRC03 for FY 2020-21 & 2021-22
- CCFS 2026 Schemed
- Subscription paid to foreign customer
- Two seprate Invoice needed
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
