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In the event of non-payment by the customer what will happen to the GR form?

April 26, 2017customer event form gr non-payment

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In the event of non-payment by the customer what will happen to the GR form?

1 Answer

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10 Posted

The GR form will automatically get cleared as the sellers credit protection is from SBIGFL’S overseas correspondents. Typically, payments will be made in the relevant foreign currency to SBIGFL under the credit protection arrangement and this will be an inward remittance of forex.