Hi , i made a proprietor firm to supply agro products . And i have clients from other state those i don't know personally. But they do have GST number, while getting order(PO) i asked them to show me turnover and annual report and they denied .they said they can show if i meet personally.
Some of my clients want to pay 20% advance against LR copy and some wants to pay nothing as advance. Rest amount (either remaining 80% or 100 %) they want to pay by RTGS when i diliver goods. And forgot to mentioned that they are providing PDC or blank cheque for my security , which they will take back on delivery after paying by RTGS . Now my main question is - my payment is secure from buyer? And i am making an agreement for everything with terms & conditions.

From India, Nagar
nathrao
3090

You can negotiate the bills through your banker. On making payment the bank will release documents for collection of item. Once both develop mutual confidence and trust, payment terms can be settled.
From India, Pune
Shri Nathrao is correct. It depends upon as to what types of goods you are selling? If it is an monopoly item, you can insist purchaser for L.C. Payment. A. Prakash
From India, Halol

If you are knowledgeable about any other fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2021 Cite.Co™

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server