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technical advice required frm professionals only
09-15-2006, 04:22 AM
Post: #1
technical advice required frm professionals only
i ve heard that no pakistan based pvt ltd company can send advance payment for any purchase outside country?
it can not send advance payment however can import only via L/C?
if we agree with this issue then it means we can transact business via L/C...on mutual consent of buyer and seller.

But if buyer have to send advance as to meet the requirement of supplier then is it possible?
is it possible that he can send advance 100% payment of the shipment to supplier then can adjust that
amount against the shipment that he'll be receiving in near future.and can justify n reflect the respective entries in its books. is there any way out? if supplier have any representative here in pakistan then is also possible that buyer can handover the 100% amount to that representative and can get merchandise imported directly from their seller's foreign office in its name and then can justify that local payment in books as an advance for the received shipment.

i need your advise. please send me email at asap.

Rgds to all
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