03-04-2011, 03:54 PM
Guys I have a little complicated help needed.
I start a new business for import of industrial spare parts, registered as importer/exporter in FBR.
1.Now I have asked banks and they tell me that advance payment is not allowed by SBP. Is there any other way, except L/c as my supplier wont agree due to costs invloved.
2.If I take advance payment from a local customer to supply him product from abroad, how can I invoice him directly from abroad so that he cleares the product from airport himself. (i will just be acting as an agent myself). Will the invoice be mine or of my principles? And how will he show the payment made to import, when he givve the payment in local to me and I will remitt it to the supplier abraod. Andagain how can I send it in advance?
Help requested.
I start a new business for import of industrial spare parts, registered as importer/exporter in FBR.
1.Now I have asked banks and they tell me that advance payment is not allowed by SBP. Is there any other way, except L/c as my supplier wont agree due to costs invloved.
2.If I take advance payment from a local customer to supply him product from abroad, how can I invoice him directly from abroad so that he cleares the product from airport himself. (i will just be acting as an agent myself). Will the invoice be mine or of my principles? And how will he show the payment made to import, when he givve the payment in local to me and I will remitt it to the supplier abraod. Andagain how can I send it in advance?
Help requested.
