Payment of Commission for Export Order
Payment of commission is a crucial issue as it is revenue 10 the 3Erent while it is an expense to the exporter. Commission, basis for calculation and when it becomes due are significant issues that are to be made abundantly clear in the contract. Rate is a percentage while base may be the invoice value or net realized proceeds, after deduction of expenses, incurred by the agent. Normally, agent is entitled to commission soon after exporter accepts the order. There is every possibility that the realization of proceeds may not materialize. after payment of commission. it is desirable to, incorporate that the agent would be entitled for commission only after the receipt of proceeds in India. Such clause is necessary in view of the regulations of RBI.
Travelers to India under import duty exemption, Frequently Asked Questions Part 2
Triangular export
Triangular shipment
Types of Insurance Documents.
What is Express Release Bill of Lading
What is FIRC in export import business
What is first check assessment procedures in import customs clearance
What is FOB price in Exports and Imports and how it works
What is Fumigation in Export and Import
What is House BL
What is ICD?
What is IHC – Inland Haulage Charges
What is intensive exam CET exam in US import clearance
What is Inter Unit Transfer (IUT) in STP
Is Customs House Agents (CHA ) required to be appointed mandatory?
Notice to GST return filing defaulters
When to file Annual Return of GST online?
Procedures to claim reduction in output tax liability of GST in India