Customs duty exemption on medical grade oxygen, oxygen related equipments and Covid 19 Vaccines till July 31st 2021

 



Comments

Post a Comment

Popular posts from this blog

SAP T codes

01.03.2023  SAP T-codes SAP FICO -Knowledge and Experience Sharing. Lets have Quick look into T codes and Table codes . SE16 provides real-time data access to various SAP tables, including: 1. ACDOCA (Universal Journal Entry Table) 2. BKPF (Accounting Document Header) 3. BSEG (Accounting Document Segment) 4. SKA1 (G/L Account Master) 5. LFA1 (Vendor Master) 6. KNA1 (Customer Master)  T-codes and table codes for Master Data and key tables in SAP: Vendor Master Data: T-codes: 1. XK01 - Create Vendor (Centrally) 2. XK02 - Change Vendor (Centrally) 3. XK03 - Display Vendor (Centrally) 4. FK01 - Create Vendor (Purchasing) 5. FK02 - Change Vendor (Purchasing) 6. FK03 - Display Vendor (Purchasing) Tables: 1. LFA1 - Vendor Master (General Data) 2. LFB1 - Vendor Master (Company Code Data) 3. LFB5 - Vendor Master (Purchasing Data) 4. LFM1 - Vendor Master (Material Data) Customer Master Data: T-codes: 1. XD01 - Create Customer (Centrally) 2. XD02 - Change Customer (Centrally) 3. XD03 - D...
Read more

LC SWIFT MT700 Fields (Clause-wise Explanation

Field 40A – Form of Documentary Credit Specifies whether the credit is Irrevocable / Revocable / Confirmed . 👉 Meaning: Almost all modern LCs are Irrevocable , i.e., cannot be cancelled without consent of all parties. Field 20 – Documentary Credit Number Unique LC number assigned by the issuing bank. 👉 Meaning: Used for identification and correspondence. Field 31C – Date of Issue The date when the LC is issued. 👉 Meaning: Marks the beginning of LC validity. Field 31D – Date and Place of Expiry Specifies the expiry date and the place where documents must be presented. 👉 Meaning: If documents are not presented before this date/place, the LC is no longer valid. Field 50 – Applicant The buyer/importer who requests the bank to issue the LC. 👉 Meaning: Party responsible for payment obligation to bank. Field 59 – Beneficiary The seller/exporter in whose favor the LC is issued. 👉 Meaning: Party entitled to receive payment upon compliance. Field 32B – Currency and Amoun...
Read more

Letter of Intent (LOI) vs. Letter of Award (LOA):

 Letter of Intent (LOI) vs. Letter of Award (LOA): Understanding the Legal Difference: In the world of contracts and project execution — especially in construction, infrastructure, and government procurement — Letter of Intent (LOI) and Letter of Award (LOA) are two terms that are often used interchangeably. However, their legal implications are entirely different.  1️⃣ Letter of Intent (LOI): Expression of Intention — Not a Contract An LOI signifies a preliminary intention of the employer to enter into a contract in the near future. It’s an indication that the bidder has been selected, but the final contract terms are yet to be agreed upon.  Legal position: An LOI does not create a binding contract unless it expressly or impliedly shows intent to be bound. Key Case Law: Rajasthan Co-operative Dairy Federation Ltd. v. Maha Laxmi Mingrate Marketing Service (1996) 10 SCC 405 The Supreme Court held that an LOI merely indicates an intention to enter into a contract in the fut...
Read more