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Why submission of Bill of Entry to LC issuing bank is necessary?

LC
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Question added by Sajid Ahmad Khan , Manager, Finance & Admin , LEADS Corporation Ltd.
Date Posted: 2014/06/30
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Raeed Budnar
by Raeed Budnar , Senior Accountant , Point To Point Design (P2P)

So that the company can buy products/materials from other supplier with easy credit facility with out fear as the bank guarantees the supplier

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