Export certificate(total fob value of export)
This query is : Resolved
09 July 2012
Dear experts,
I have Reconcile the realization of foreign debtors (invoice-wise) with the bank A/c in which such amount has been received.
My boss have to issue the Verification certification of total FOB value of exports based on the Bank realization Certificate.
Now my query is
1. what should be check while verifying it?
2. How to check the FOB Value?
3. We are informed that the bank normally deduct 10% amount of foreign debtors and released the remaining amount.
3. Do bank deduct the amount?
I have Reconcile the realization of foreign debtors (invoice-wise) with the bank A/c in which such amount has been received.
My boss have to issue the Verification certification of total FOB value of exports based on the Bank realization Certificate.
Now my query is
1. what should be check while verifying it?
2. How to check the FOB Value?
3. We are informed that the bank normally deduct 10% amount of foreign debtors and released the remaining amount.
3. Do bank deduct the amount?
10 July 2012
1)@ TIME OF VERIFYING COMPARE THE FC OF SHIPPING BILL AND INVOICE .
ALSO CHECK THE EXCHANGE RATE FOR THE MONTH DECLARED BY CBEC.
2) FOR CHECKING THE FOB VALUE FORMULA IS
INVOICE VALUE IF IS IN FOBTHEN*WITH CURRENT EXCHANGE RATE.
3&4
CHECK THE BANK REALISATION CERTIFICATE such as FIRC , LETTER OF CREDIT as well as EP COPY OF SHIPPING BILL .
regards,
ALSO CHECK THE EXCHANGE RATE FOR THE MONTH DECLARED BY CBEC.
2) FOR CHECKING THE FOB VALUE FORMULA IS
INVOICE VALUE IF IS IN FOBTHEN*WITH CURRENT EXCHANGE RATE.
3&4
CHECK THE BANK REALISATION CERTIFICATE such as FIRC , LETTER OF CREDIT as well as EP COPY OF SHIPPING BILL .
regards,
Message likes :
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10 July 2012
thnks a lot sir.......
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