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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
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
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