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In consignment fill up we delivery goods to customer site,
is there any agrement with customer? if yes what type of
agreement(relating price)?if no with out agrement
how can we place rupes lacks of amount to customer site?
i faced this question in HLL?
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Answer Posted / sunil madhogarhia
Yes, there is always an agreement that the customer will
sell or consume the materils. Billing is done only when the
customer actually sells or consumes the materials. The
unsold goods or unused materials are our materials and the
customer can return them (if he wants). Materials may be
kept at either customer's site or our site.
Ownership of material passes only in case of :
1)Consignment Issue : from us to customer i.e. when the
customer actually sells or consumes the material.
2)Consignment Return : from customer back to us.
It does not pass in case of : Fill-up or Pick-up.
| Is This Answer Correct ? | 4 Yes | 1 No |
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