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Jayanta (Service)     27 August 2018

Liquidated damage

There is a LD clause in Foreign PO- in case there is a delayed shipment. Levy of LD is specific as an independent levy. The contract price variation clause in impugned agreement do not provide for variation of PO value on account of LD. PO is also not clear on responsibility of GST liability. Is it possible on the part of foreign vendor in exempt category to raise Debit Note - as Indian Importer may not raise Credit Note
Clarity is solicited



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