Under Collections Is There Any Limit On Interest Component

Simple is Beautiful; the only thing came in my mind when thought of documentary collection. And I think more and more people are thinking the same in these days. Documentary Collection offers us far greater security than selling on open account; but not as much as a documentary credit. We should therefore be more cautious before starting selling using this method of payment. Documentary Collection Forum is an effort to help you on this way – admin; besttradesolution.com
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Arun
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Under Collections Is There Any Limit On Interest Component

Post by Arun » Mon Jul 01, 2013 9:56 pm

Hi

Under Collections is there any limit on the interest components which need to be mentioned or it is upto the buyer and seller as per their contract? please advise
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haribargava
Posts: 36
Joined: Thu Mar 12, 2009 5:34 pm

Left to the parties

Post by haribargava » Wed Sep 11, 2013 3:27 pm

Hi ,

Its upto the Seller ,Buyer.There is no reference on the limit.
If you are facing a real time scenario would like to what is that?
Can you brief this more?
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