Forfeiting of advances

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..... Dear We have received export advance from one of Iranian customer for supply of goods. Now customer does not want to take delivery and release balance payment. Can we forfeit advance so received. .....

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..... Advance was received through UCO bank in INR. Please let know if some one has idea to dealt such situation. - Reply By Pradeep Khatri - The Reply = Please refer Master Circular No. 14/2012-2013 .....

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..... dated 02-07-2012 in this regard. Further, forfeiting of advance payment would depend on your contract terms and conditions. - Forfeiting of advances - Query Started By: - SANJIV KOTHARI Dated:- 20- .....

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..... 3-2013 Customs - Import - Export - Customs - SEZ - Got 1 Reply - Customs - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - .....

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..... taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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