Import bills for collection & import letter of crfedit
This query is : Resolved
03 June 2016
In international transaction , what is the difference between Import bils for collection and import letter of credit..
Please also explain what is bills lodged under LC.
Does it have any relation with import LC
Please also explain what is bills lodged under LC.
Does it have any relation with import LC
03 June 2016
Import letter of credit is a guarantee issued by importer's bankers that payment will be made on presentation of import bills for collection.
Bills lodged under LC: Import bills are lodged under import LC for getting payment.
Yes, when LC is opened imports bills are paid through LC.
Bills lodged under LC: Import bills are lodged under import LC for getting payment.
Yes, when LC is opened imports bills are paid through LC.
Message likes :
1 times
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
- TDS 194-T applicability
- GST ITC REVERSE
- Fixe term employment
- Is any professional CA is here please reply
- Consolidated financials
- Putting a heading on received mail
- TDS on TRUST
- RCM ISSUE ON RENT AND TRANSPORTATION CHARGES
- Section 50-fixed asset-->building ceases to exist
- Regarding Applicability of Tax Audit u/s 44AB
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- STATUTORY AUDIT OF A SMALL PRIVATE COMPANY INCORPORATED ON 28.03.2025
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
- RCM @ 5% on Hamali charges, Transport Charges, Unloading charges we take ITC or not
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
