VAT

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ahay1407
Posts: 2
Joined: Mon Jun 07, 2021 10:43 am
First Name: Ali
Last Name: Hussain
Organization: Alawwal Bank
Filter: Two Plus Two =: 4
Location: KSA

VAT

Post by ahay1407 » Sun Aug 08, 2021 10:33 am

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."

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picant
Posts: 2026
Joined: Wed Aug 20, 2008 1:49 pm

Re: VAT

Post by picant » Tue Aug 10, 2021 10:16 pm

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

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