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CIF VALUE OF SALES

Statutory Audit 945 views 3 replies

Can anyone explain me that  Why Commission paid or payable is deducted from CIF value of export sales in Form No. 1 of Appendix 22A (Bank Certificate of Export and Realisation).

Replies (3)

DEAR SIR,

IN THE ERA OF COMPETTION , IN EVERY STEP AVAILABLE THE MEDIATOR .

SUPPOSE, WHEN THE GOODS  PURCHASED FROM USA THE MEDIATOR COMPANY (AGENCY) COMMISSION IS PROVIDED BY EXPORTER.

IT IS RULE.

FOR MORE INFORMATION ,PLEASEREAD  RESERVE BANK OF INDIA CIRCULAR NO.  19 DTD. JUNE 02, 1999  A.D (MA SERIES) OR IF YOU ASK ME I CAN ALSO PROVIDE YOU IN THIS CLUB.

AND THIS FOREIGN AGENCY COMMISSION CAN NOT EXCEED 12.5%,

WHEN THE AMOUNT REALESED THE AGENCY COMMISSION DEDUCT AUTOMATICALY FROM THE USA.

AND AFTER DEDUCTION FOREIGN CURRENCY EXPORTER  AVAIL THE INCENTIVE ANY DEPB, DBK, VKGUY, etc OTHER INCENTIVE AUTHORISATION , WHICH AMOUNT / CURRENCY SHOW AFTER REALESED IN COLUMN NO.14 OF BANK CERTIFICATE OF EXPORT AND REALISATION (APPENDIX-22A)

REGARDS

Thank you so much

WELCOME SIR, IN THE WELL RENOWNED"CA CLUB INDIA"

REGARDS


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