F- form for price difference.
This query is : Resolved
21 October 2008
Principal transferred goods to agent for Rs 10lakhs. Agent issued F form for Rs 10 lakhs.
Subsequently principal reduced the price of goods covered by the above mentioned F form and communicated to the agent through a letter. Can agent issue another F form for the price difference. If not can you suggest me a method to solve this issue.
NB:- The agent is to sell the goods at a price intimated by the principal from time to time.
Subsequently principal reduced the price of goods covered by the above mentioned F form and communicated to the agent through a letter. Can agent issue another F form for the price difference. If not can you suggest me a method to solve this issue.
NB:- The agent is to sell the goods at a price intimated by the principal from time to time.
S.Srinivasaraghavan
(Expert)
30 October 2008
You can not issue two forms for the same transaction. The original form issued can hold good supported by the letter in my opinion.
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