What is the meaning of Irrevocable letter of Credit?
Should Letter of Credit treated as confirmation of realisation of export proceeds?
Please advice
Thanks
Menu
Letter of Credit
Replies (4)
Letter of Credit in simple term is a promise to pay been made by bank on behalf of customer. Irrevocable letter of credit is the L/C which cannot be revoked i.e. which cannot be withdrawn.
Hi,
Can we change the purpose of FIRC after a year.. kindly guide me. What are all the rules and regulations applicable for this...
letter of cedit deal in document not in goods hnce it can not be treated as confirmation of export received
LETTER OF CREDIT FACILITY IS GIVEN BY BANK TO omly those customer whoare relaiable hence it can br treated as confiremation oe export receivable
Recent Threads
- Deduction of TDS certificate
- Capital Work-in-Progress (CWIP) Impact due to Retr
- GST Invoice Amendment - Query
- ESOP related query
- Help for GST Return
- Eway bill correction
- How to show buyback share income?
- Department Audit under GST
- Replacement of machine
- Bug in ITR-2, Schedule TDS, Sub-section TDS-3 (TDS
Related Threads
CAclubindia
