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VAT

Posted: Sun Aug 08, 2021 10:33 am
by ahay1407
Hi,

If the LC silent about VAT, and the documents presented with VAT and not exceeding LC amount, can we considering is discrepant documents.

INCO-TERMS "CPT"

"1. INVOICE SHOWING 15 PCT VAT."

Re: VAT

Posted: Tue Aug 10, 2021 10:16 pm
by picant
Hi Pal,

if Vat is added to the goods value and the sum is indicated near CPT, and naturally this amount is not exceeding the l/c value,
it is acceptable, see ISBP 745 C9.
Other comments appreciated
Ciao