Letter of credit
This query is : Resolved
bommana jaganmohan
(Querist)
29 June 2018
i have taken an LC from bank import materials from USA. Due to some reasons the materials the reached the Indian late and by this time LC is got expired.
Now for getting the materials from the port, whether i need to take new letter of Credit from bank or not required.
Please suggest me, to resolve from this problem.
Now for getting the materials from the port, whether i need to take new letter of Credit from bank or not required.
Please suggest me, to resolve from this problem.
CA R SEETHARAMAN
(Expert)
29 June 2018
New letter of credit not required. Request your banker to make the payment against the bills received against expired LC.
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