VAT

The forum is dedicated to all who deals with LCs. Please share your experiences, problems and opinions with us. You are requested to be confined to LC related issues only. Let us together discover the beauty of Letter of Credit. Thank and regards – admin; besttradesolution.com
Post Reply
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 »

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."
User avatar
picant
Posts: 1962
Joined: Wed Aug 20, 2008 1:49 pm

Re: VAT

Post 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
Post Reply