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We have received sanction for purchase of 48 nos of books with an amount of Rs.5,38,000/- from our head quarters. Now problem is Supplier is supplied books only 40 nos for the amount of Rs.5, 20,000/; balance 8 nos of books is out of print. I checked books price, some of the books publishers price is varied from our supply order (publisher price proof attached in each book). At the time of quotation GOC rate was less than of the rate on the date of supply i.e. Nov, 2018. So, GOC Rate changes is acceptable.
Now, my question is price variation due to publishers prices increased for foreign currency books acceptable or not?
Does it will raise any auditing objection in future?
Please clarify.
Views: 294
Dear Madam,
You may find answers in the following points,
But, you must be having some terms and conditions, supplied by your headquarter for expending the sanctioned amount refer them or contact headquarter and update them regarding the situation.
Thank you.
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