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Import payment pending , FEMA

Issue Id: - 3273
Dated: 16-8-2011
By:- yujin kim

Import payment pending


  • Contents

Dear sir

 

Our company has purchased motorized gate in 2007 from outside of India A company.

That time we didn't put this data in Tally by mistake.

Therefore, this data is not shown in our balance sheet.

But right now, we have to pay this amount to A company.

For this not shown amount, how can we pay to A company without problem?

 

 

Posts / Replies

Showing Replies 1 to 2 of 2 Records

Page: 1


1 Dated: 17-8-2011
By:- pradeep khatri

You may capitalized it now and pay to your counterpart by declaring that due to shortage of funds you could not paid this bill at that particular time and there is no interest payment involved in this transaction.


2 Dated: 17-8-2011
By:- Ram Chandra Khichar

Why are paying now, what can he, you should refuse to payment which is outstanding from long time


Page: 1

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