can anyone please help me with the meaning with devolvement of LC and invocation of BG
Menu
bank audit
Replies (1)
L/C - Letter of Credit - Another Credit facility extended by Bank to operate the Business which has its own time validity & value constraints.While documents negotiated thro" L/C you will get credit while submitting the bills to the buyer before the due date.
Invoking the BG is encashing the BG by the beneficiary even before its expiry date
Recent Topic
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
- GPF AND COMMUTED PENSION RECEIVED
Related Topics
CAclubindia
