What is C&F agency?
- 40 Answers
- 485695 Views
- Automobile, Google, GSK, ITC Infotech, KMR, MAG India, Motul, Novartis, Oil India, I also Faced
- E-Mail Answers
Answer Posted / adv. manish singh
“Clearing and forwarding agent” means any person who is engaged in providing any service, either directly or indirectly, concerned with the clearing and forwarding operations in any manner to any other person and includes a consignment agent.
The clearing and forwarding agents are engaged / appointed by manufacturer of goods (both excisable and non-excisable goods), producers and distributors of goods and shall also include such agents appointed for agricultural and mineral goods.
Normally, there would be a contract between the principal and the clearing and forwarding agent detailing the terms and conditions and also indicating the commission or remuneration to
which the C&F agent is entitled.
A clearing and forwarding agent normally undertakes the following activities:
(a)
receiving the goods from the factories or premises of the principal or his agents;
(b)
warehousing these goods;
(c)
receiving dispatch orders from the principal;
(d)
arranging dispatch of goods as per the directions of the principal by engaging transport on his own or through the authorized transporters of the principal;
(e)
maintaining records of the receipt and dispatch of goods and the stock available at the warehouse; Service Tax is payable on above services. (Ministry’s F.No.B43/7/97-TRU dt.11.07.1997)
If factories or persons are engaging brokers for sending their goods directly to their customers, on the basis of orders procured by them, services rendered by brokers would amount to services provided by a Clearing& forwarding Agents and would be liable for payment of Service Tax.
| Is This Answer Correct ? | 94 Yes | 16 No |
Post New Answer View All Answers
What is product?
What is the best for the company - team work or individual excellence?
How will you motivate your subordinates to raise their performance graph?
how to handle the senior medical representative?
Why are you expecting 50% growth scalar?
in retail bussiness if we want the first and last visit of the customer and the total purchase amount of the customer.then what's the syntax in proc report. whats is the difference between the proc tabulate and proc report?i want the major difference which will effect?
Explain the core concepts of marketing?
How many active accounts have you handled in the past?
what is indirect selling in case of small scale IT company?
What is the key role of a new regional manager in a pharmaceuticals company and how he will manage his people effectively?
How to move on from a rejection?
Explain your psychology of selling?
What % of your time is spent on a daily basis working with the sales employees?
how to market a product
2. Explain the Sales Promotion in marketing and also how HLL and P&G are doing their promotion of products in India with suitable examples.
