12 November 2010
A EXPORTER MENTION IN THE EXPORT INVOICE FOB VALUE + FRIEGHT IN FOREIGN CURRENCY AND TOTAL AMOUNT IS CIF VALUE. NOW I WANT TO KNOW THAT IF THE EXPORTER PAYS LESSER AMOUNT IN ACTUAL TO FREIGHT WHEATHER THAT LESSER AMOUNT WILL BE DEDUCTED TO CALCULATE THE FOB VALUE OR AMOUNT MENTION IN INVOICE WILL BE DEDUCTED ALSO WHEATHER FORIEGN BANK CHARGES DEDUCTED IN FOREIGN CURRENCY WILL BE DEDUCTED WHILE CALCULATING FOB VALUE EXAMPLE FOB VALUE 32000 USD FREIGHT 500 USD TOTAL CIF VALUE 32500 ACTUAL FREIGHT PAID RS. 15000 = 300 USD AMOUNT RELIASED 32400 USD FBC DEDUCTED 100 USD WHAT WOULD BE THE FOB VALUE
12 November 2010
DEAR ANONYMOUS, AS LONG AS THE PARTY MENTIONED THE CIF VALUE (32500) AS PER COLUMN NO. 9 OF BRC AND COLUMN NO.10 MUST WRITE WHICH IS MENTIONED IN SHIPPING BILL.
C&F AMOUNT WILL BE (-) FREIGHT = FOB 32500(-) WHICH AMOUNT MENTIONED IN SHIPPING BILL.
attention please After CHECKING THE BRC THE INCENTIVE OF DEPB OR DRAWBACK IN COLUMN NO.14. OF BRC WILL BE (FOB VALUE) . & benefit will be admissible on this amount.
IF (FC)32500 USD & AMOUNT RELEASED 32400 USD AS PER COMPARRISION FROM BRC THE BENEFIT WILL BE ON USD 32400.
CAclubindia
