A federal jury convicted a Jupiter fuel broker of submitting dozens of fake invoices to U.S. warships in a scheme that netted ...

An estimate or proforma invoice or quotation is an offer from a supplier to a customer to deliver products or services at a certain rate. A proforma invoice is not a firm commitment and can always be ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. David Kindness is a Certified Public Accountant (CPA) and an expert ...

•Refinery slashes loading cost to N865 after Naira-for-crude deal, fuel depot prices to fall Twenty-two days after suspending the sale of petroleum products in naira, the Dangote Refinery has resumed ...

Businesses will be expected to adjust their systems for the 0.5 percentage point increase in the standard value-added tax (Vat) rate, and that expense could potentially be passed on to the consumer.

Introduction: What is a Pro Forma Invoice? A pro forma invoice is a preliminary bill of sale or quotation provided by a seller to a potential buyer, outlining the details of a potential transaction.

CESTAT Chennai held that a proforma invoice is in the nature of a quotation or offer and hence does not constitute valid basis for enhancement of value of the imported goods. Enhancement set aside ...

Conclusion: Penalty imposed under Section 114AA of the Customs Act was quashed as declared value in bills of entry could not be rejected relying on proforma invoice and demands could not be raised ...