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how to calculate VAT & NBT on issuance of LC's?

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Can you elaborate on the question? Are you asking from a bank's point of view?
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Yes. from a banks point of view.

We understand that at issuance of LC, VAT and NBT is applicable on SWIFT charges recovered and on commission at issuance of Shipping Guarantee. If so please confirm and advise how the VAT & NBT amounts are to be calculated..

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