03 January 2011
WE HAVE EXPORTED GOODS IN FOREIGN COUNTRY. BUT HAVE NOT RECEIVED PAYMENT FROM BUYER DUE TO SOME DISPUTE. WE WANT TO WRITE OFF THE BALANCE AS REBATE AND DISCOUNT. HOW MUCH REBATE WE CAN PROVIDE AS PERCENTAGE OF OF OUR ANNUAL EXPORT TURNOVER ? IS THERE ANY CIRCULAR OR NOTIFICATION ON THIS