Decree of the Ministry of Finance No. 205 / 1964 Coll.
Decree of the Ministry of Finance on invoicing and payment of supplies for investment construction and overhaul
Valid
Effective from 01.01.1965
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205
DECLARATION
Ministry of Finance
of 13 November 1964
on invoicing and payment of supplies for investment construction and overhaul
The Ministry of Finance provides pursuant to § 391 (2) of Economic Code No. 109 / 1964 Coll. and § 11 (2) of Act No. 83 / 1958 Coll., on the modification of financial planning and financial management of national enterprises and other economic organisations of the socialist sector:
Scope
(1) This decree provides for invoicing and payment of supplies for investment construction ("construction ') and for overhauls if both the supplier and the customer are socialist organisations.
(2) According to this decree (they transfer the amounts for the construction carried out and for the overhaul from the investment account to the turnover or current account) also investors carrying out the construction or overhaul under their own control. *) The provisions of this paragraph shall not apply to construction and general repairs carried out under the own direction of the building housing cooperatives to which specific rules apply. * *)
(3) The construction of uniform agricultural cooperatives shall be invoiced under this Decree if it is carried out in a supplier's way; for self-help construction under this decree, so-called direct deliveries are invoiced, e.g. special and craft works, such as carpentry, electrical plumbing, roofing, etc.
(4) According to this decree:
(a) project documentation for construction and general repairs ("project documentation"), * * *) i.e. initial projects, one-stage documentation, alternative solutions for initial projects, implementation projects, project documentation for our construction abroad, projects for overhaul,
(b) supplies contained in the budgets for the implementation (supply) projects of the operational files;
(c) supplies contained in the budgets for implementing projects of buildings, as well as general repairs of construction,
(d) other works and costs included in the investment plan, both for built buildings and carried out individually without the implementation of the construction;
(e) work and expenditure financed under the heading "other investments," †)
(f) general repairs of machinery and equipment.
(5) According to this decree, suppliers invoice customers if this customer is an investor and the following subcontractors to suppliers:
(a) if the supplies contained in the budgets are to the implementation (supply) projects of the operational files and carried out in a higher supply form - final suppliers and final subcontractors, or suppliers of assembled machinery, equipment or assembled structures, † †)
(b) if the assembly work contained in the budgets for the implementation (supply) projects of the operational files is carried out - all subcontractors of the installation,
(c) if the supplies included in the budgets for implementing projects of objects are subcontractors of suppliers of the investor with the exception of suppliers of products, † † †)
(d) subcontractors of the parts of the project documentation referred to in paragraph 4 (a).
(6) Supplies not listed in paragraph 4 shall not be invoiced in accordance with specific rules. *)
Types of invoices
(1) Supplies shall be invoiced under the conditions laid down in this Decree:
(a) a monthly invoice; or
(b) a stage invoice; or
(c) the total invoice.
(2) An internal invoice shall be drawn up for supplies made by an investor under its own investment construction or overhaul. The types of internal invoices shall be the same as those referred to in paragraph 1.
The monthly invoice shall be:
(a) supplies contained in the budgets for implementing projects of objects;
(b) construction assistance and similar work contained in the budgets for the implementation (supply) projects of the operational files;
(c) general construction repairs,
(d) assembly work contained in the budgets for the implementation (supply) projects of the operating files.
The supplies referred to in points (a), (b), (c) shall be marked in the next item with the common indication "works'.
(1) The invoice shall be made out by an invoice of:
(a) the supplies contained in the budgets for the implementation (supply) projects of the operating files, except for the installation works covered there;
(b) deliveries of individual large machinery and equipment which are gradually transported in an unfolded state and assembled on site (assembled),
(c) overhaul of large sets.
(2) The supplier shall agree with the customer in the contract the smallest part of the delivery referred to in paragraph 1 (a), (b) which can be invoiced in one stage invoice.
(3) The supplier shall agree with the customer on the invoicing stages for general repairs of large sets; the number and designation of stages must be agreed in the contract.
Total invoice
(a) project documentation; it is permissible to invoice the total invoice separately the initial project and the separate total invoices separately the individual implementation projects for the objects and operational files and parts of the project documentation supplied in the sub-delivery,
(b) construction and assembly works if they are started and completed in the same calendar month or if their total invoicing has been agreed separately in the contract;
(c) individual new and worn-out machines, equipment, apparatus, tools, inventory, works of art, etc., if they are of a nature of basic means (hereinafter referred to as "individual basic means"), whether they are included in the budget of the building or whether they are procured without the implementation of the construction;
(d) overhauls of machinery and equipment [except for general repairs of large sets pursuant to § 4 (1) (c)];
(e) the outstanding deliveries referred to in Section 1, if they have been stopped as a result of a change or cancellation of the undertaking;
(f) other supplies which cannot be invoiced under Sections 3 and 4.
Forms of invoices
(1) The invoice shall contain:
(a) a significant indication that it is an invoice; an indication of the type of invoice. The last stage invoice or the last monthly invoice must be marked as the last one; the intra-company invoice must be clearly identified as in-house,
(b) the place, date and number of the invoice,
(c) the name and address of the supplier and of his central authority (falls out for intra-company invoices),
(d) the name and registered office of the branch of the bank and the number of the supplier's account (it falls out for internal invoices),
(e) the name and address of the customer to which the invoice is to be sent, in the case of internal invoices, the name and address of the investor;
(f) the name and registered office of the bank branch and the account number of the customer (investor) from which the invoice is to be paid;
(g) the date on which the obligation to invoice arises (§ 12-14);
(h) indication of the place of dispatch of the supply (execution of works),
(i) the date of dispatch of the invoice; This date must coincide with the date of the post stamp or at the time of delivery on confirmation with the date of receipt of the invoice by the customer (for internal invoices by the branch of the bank),
(j) the date on which the final amount of the invoice is due and, if the maturity is reduced, the reason for the shortening (falls out for intra-company invoices),
(k) Clause "Paid by recovery order No..." if the invoice is paid by recovery order,
(l) if it is a en route delivery, the name and address of the consignee;
(m) the date and number of the economic contract (falls out for internal invoices),
n) name and number of building and object or operating file, *)
(o) the number of the Protocol (s) on the control of works carried out (for construction and assembly works),
(p) the description of works and products and, where appropriate, their specification, as amended by the contract, of the quantity and type of products (falls out for construction and assembly works),
(r) the price per unit of the quantity of the product and the indication of the price list or its supplement; for repeatedly manufactured products for which a price has been determined after the issue of the price list - the price notice number when and by whom it has been approved; for non-standard products - the date, decision number and name of the authority or undertaking which fixed the price,
(s) the amount of the increases and reductions, if they are not included in the price and are not already included in the invoice documents (Sections 8 and 11),
(t) the total amount of the invoice; this amount must be the same as that shown on the relevant payment document,
(u) whether or not invoiced prices contain turnover tax; where the supply is invoiced at a price including turnover tax, the taxpayer shall be required to indicate on the invoice the relevant item and tariff subheading of the turnover tax, the rate of turnover tax, the prices on which the tax is calculated and the relevant amount of turnover tax,
(v) the particulars which must appear on the invoice under the special rules and, where appropriate, other particulars agreed between the supplier and the customer;
(y) the stamp (pre-print of the name) of the supplier, for the investor's internal invoices and the signature of the person authorised to sign the invoices.
(2) The invoice for construction and assembly works may not have the particulars referred to in points (m) and (r) of the preceding paragraph, provided that those particulars are already indicated in the report on the inspection of works carried out or in the inventory of works carried out.
Control of construction and assembly works for billing purposes
For supplies of construction and assembly works - if the investor is the customer - the organisation is obliged to validate the construction and assembly works carried out by protocol (§ 8-11). If an investor is not a customer, organisations shall only do so if agreed between them; In that case, however, the provisions of Section 8-11 do not apply to the provisions relating to contact with the bank and neither does the bank apply the powers under § 25-27 to organisations.
(1) In the case of supplies of construction and assembly works, the supplier is obliged to have the investor report (paragraph 2), at the latest within the time limit laid down in § 9 (3), that the works to be invoiced are in accordance with the facts, with the inventory of the works carried out (§ 11) and with the project documentation. The investor is required to check the accuracy of the data provided by the supplier directly at the construction site prior to the confirmation.
(2) The supplier shall draw up a report on the construction and assembly work carried out (hereinafter referred to as "the Protocol") in accordance with the model in Annex 1. The Protocol shall be drawn up on the basis of an inventory of works carried out (hereinafter referred to as "the inventory ', Section 11). Only those works which are permitted to be invoiced under this Decree (§ 15) may be included in the protocol. The definitive amount specified in the Protocol must be the same as the amount indicated on the invoice.
(3) If the construction and assembly works are invoiced monthly but the budgetary value of the works to be carried out by the supplier under the contract does not exceed 50 000 Kčs, the supplier shall not be obliged to compile, during the works, individual monthly invoices or protocol or inventory. In such cases, the extent of the work carried out in each month shall be determined on the basis of the expert calculation of the supplier. The last monthly invoice shall be accompanied by a record and an inventory, which shall include, in addition to the work carried out in the last month, works carried out and invoiced in all previous months.
(4) Separate protocols shall be drawn up for each operating file object or assembly. Protocols are numbered in an arithmetic uninterrupted series of numbers, from the beginning to the end of work on the same object or operating file.
(5) The Protocol shall be drawn up in triplicate; the first copy shall be marked as the original, the second copy as 1 and 2. The original shall be attached to the invoice by the supplier, the first copy to the payment document for the branch of the bank, the second copy to be kept by the supplier. For construction and assembly works for single agricultural cooperatives, a more than one copy of the protocol shall be drawn up for the needs of the relevant district centre for the preparation of agricultural investments.
(1) In the case of works to be invoiced by monthly or total invoices, the supplier is obliged to prepare the work together with the protocol and the inventory for the examination referred to in Article 8 (1) no later than two working days after the end of the month in which the work was carried out (for monthly invoices) or two working days after the completion of the work (for total invoices).
(2) In the case of works to be invoiced by the total invoice or the last monthly invoice, the supplier is obliged to inform the investor in the construction (assembly) journal or by registered letter 3 days before the end of the work on the day on which the work, together with the protocol and the inventory, is prepared for examination.
(3) The investor is required to carry out the check no later than three working days after the date on which the work was prepared with the protocol and the inventory. However, the examination shall end no later than the fifth working day following the end of the month for which the invoice is made or the fifth working day after the completion of the work.
(4) If the investor is prevented from complying with the three-day period for obstacles on the part of the supplier, that period shall begin as from the date on which the supplier notifies the customer that the obstacles have been removed.
(1) The investor shall communicate to the branch of the bank the names of its representatives authorised to act as referred to in Article 8 (1), as well as to sign the protocols, and shall also send to the branch of the bank the signatures with the full authority of its representatives.
(2) The investor may object to the construction and assembly works in the course of their inspection under Section 8. The objection shall be noted on the reverse of the prepared protocol and shall sign this note.
(3) If they do not carry out the work and prepared protocols and inventories of defects which would prevent suppliers from invoicing under this decree and the investor does not carry out the examination within the prescribed time limit or sign the protocol, the supplier shall note these circumstances in the protocol and state the reasons for the investor's actions, if the suppliers are aware. The supplier then signs the protocol himself and invokes the works contained in the protocol as if the protocol had been signed by the investor.
(4) Minor defects in the work carried out which cannot be removed without delay shall not prevent an investor from confirming the protocol. The investor shall indicate such a defect on the reverse of the protocol and refer to it explicitly at his signature on the front of the protocol.
(1) The basis for drawing up the Protocol shall be an inventory of the works carried out in accordance with the model in Annex 2. The inventory shall include works carried out during the invoicing period.
(2) The inventory shall be prepared separately for each object or operating file, on free sheets numbered in series, for each invoicing period starting from the beginning. The individual sheets of the inventory are linked to each other. The final sum of column 6 shall agree to a similar statement on the report. The calculation of the quantity of work referred to in column 4 of the inventory shall be demonstrated at any time to the investor's technical supervision and control authorities.
(3) The inventory shall be drawn up in duplicate, the first copy being marked as original, the second copy as copy. The original shall be annexed to the Protocol and to the invoice sent to the investor. The same copy is kept by the supplier. For construction and assembly works for single agricultural cooperatives, a list of more than one shall be drawn up for the needs of the relevant district centre for the preparation of agricultural investments.
(4) The construction and assembly works carried out under their own control shall also produce an inventory, in accordance with the previous provisions, but only in cases where the invoiced items are more than a number, so that, including all the information contained in the inventory, it would give rise to a lack of clarity of the internal invoice. The inventory shall also be made out in duplicate, the original of which shall be attached to the original invoice sent to the bank, the copy being retained by the investor. If only a few items are involved, they are marked directly in the internal invoice. *)
Establishment of the right and obligation to invoice
(1) The right and obligation to invoice arises:
(a) for project documentation and parts thereof supplied by subcontractors - on the date of dispatch of the supply or part thereof pursuant to Article 5 (a);
(b) for deliveries included in the budgets for the implementation (supply) projects of the operating files (excluding assembly works) - the date of dispatch of the invoicing part of the supply (Section 4 (2)),
(c) for construction and assembly works - the date on which the customer signed the protocol or the date on which the period referred to in Article 9 (3) expired in vain; for works invoiced by monthly invoices without protocols and for subcontractors of such works - on the fifth working day following the end of the month,
(d) in the case of deliveries of individual large machinery and equipment which are transported in an unfolded state and assembled on the spot - date of dispatch of the invoicing part of the supply (Section 4 (2)),
(e) individual basic equipment and overhaul of machinery and equipment (except for general repairs of large sets pursuant to § 4 (1) (c) - date of delivery,
(f) for general repairs of large sets - date of dispatch of the invoicing part of the overhaul (§ 4 (3)).
(2) The delivery of the invoicing part of the delivery referred to in the preceding paragraph shall also be deemed to have taken over that part of the delivery in the supplier's plant for transport by means of the means of transport of the customer.
(1) If it is known that the supplier cannot carry out the supply of the supplies contained in the budgets for the implementation (supply) projects of the operating files or part thereof for the delay of the investor or another participant in the construction, the right and obligation to invoice on the date on which the investor identified the supplier's request and confirmed in writing that the invoicing part is ready for dispatch. *)
(2) The same copy of the certificate referred to in paragraph 1 shall be attached by the supplier to the payment document sent to the branch of the bank.
(3) The investor is obliged to make the findings and issue the confirmation referred to in paragraph 1 within 10 working days of the date of dispatch of the call.
(4) If the investor fails to make the findings referred to in paragraph 1 within the time limit set, the supplier shall indicate on the invoice and on the payment document: "Invoice in default of the investor. The investor did not make a finding that the invoiced part of the delivery was ready for surrender," and the invoice and payment document will be paid.
(5) Where there is a relationship between a subcontractor and a supplier, the provisions of paragraphs 1 to 4 shall not apply.
In the case of works and supplies carried out under their own control, the right and obligation to invoice:
(a) for project documentation, on the date of completion of the dossier;
(b) in the case of supplies contained in the budgets for the implementation (supply) projects of operating sets (excluding assembly works), in the case of deliveries of individual large machinery and equipment, in the case of general repairs of large sets (§ 4 (1)) - on the date of completion of the invoicing part of the supply,
(c) for individual basic devices and for general repairs of machinery and equipment - on the date of completion of the basic device or the date of completion of the general repair,
(d) for construction and assembly works - on the fifth working day following the end of the month (monthly invoicing) or on the fifth working day after the completion of the works (for the total invoice).
Invoice and payment
Acceptance of invoicing
(1) Only works and supplies carried out or their invoicing parts may be invoiced.
(2) In the case of construction and assembly works, only completed units of measurement may be invoiced in the composition of budget appropriations for implementing (supply) projects of objects and operating files or general repair budget, to the extent appropriate to the description of the various items of the sales budget and the relevant budgetary and calculation bases. If, in agreement with the Ministry of Finance, the body authorised to produce budget rates and prices divides the cost of the budget item per part for invoicing purposes, the corresponding item may be invoiced in instalments after completion of the fixed material volume, but under the conditions laid down in that breakdown.
(3) When material * * is separately budgeted and processed separately at the construction site (e.g. paving), the budgeting item of the material can only be invoiced when invoicing for material processing. The material can only be invoiced as much as it has been used for processing (assembly).
(4) If part of the supply contained in the budget for the implementation project is carried out in the form of a sub-supply, the supplier may invoice the part immediately after the economic contract has been concluded by the subcontractor, even if it were an unbuilt installation in terms of construction, but only if it is an installation listed in the list, which he shall draw up and, in agreement with the Ministry of Finance, be issued by the Ministry of Construction.
(5) One invoice may be invoiced for works and supplies carried out on different objects (operating files) of the same construction; the amounts corresponding to individual objects (operating files) must be broken down by object (operating files) in the invoice.
(6) One invoice does not allow the invoicing of works and supplies - even if it relates to the same object or operating file - if, under the rules on the financing of the reproduction of basic funds, they are to be reimbursed by different means of the investor or by different types of investment. The investor is obliged to inform the supplier, at the latest in the economic contract, of the account number from which the invoices will be refunded [Paragraph 6 (1) (f)].
(7) Backup invoicing is not permitted.
Sent invoice
(1) The supplier must send the invoice to the customer in two copies, one of which must be marked as original, the other as a copy.
(2) The undertaking's invoice shall be made out in the number of specimens strictly necessary for the undertaking, one of which must be marked as original, other as copies. The original of the internal invoice shall be sent by the investor to the branch of the bank. If the bank's branch of the internal invoice finds a defect referred to in § 17, it shall invite the investor to make the appropriate correction within three working days and return the invoice to the bank.
(3) The information on the invoice must be made out by means guaranteeing its legibility and durability and must not be rewritten or deleted. The correction of the invoice shall be carried out in the manner laid down in the accounting rules. *)
(4) The invoice must be sent by the supplier to the customer, the internal invoice must be sent by the investor to the branch of the bank, in both cases no later than two working days after the right and obligation to invoice has been established.
(5) If the place where the invoice is drawn up is not the same as the place where the construction and assembly works are carried out or the place of dispatch to the customer or to the first public carrier or post office for transport to the place of destination, the period referred to in the preceding paragraph shall be extended by 3 calendar days.
(6) If the buyer has not received the invoice, he shall request it by registered letter from the supplier, no later than 5 working days after having been able to ascertain that the invoice has not been received. The supplier cannot refuse payment of periodic penalty payments (§ 22) if the customer has not fulfilled that obligation.
Return of invoice
(1) The collector may, within 5 working days of receipt, return the invoice by registered letter or e-mail to confirm that it does not contain all the particulars that must be included in the invoice under the order; in that case, however, it is obliged to indicate incorrect information or missing particulars in the returned invoice and to refuse to accept the invoice in full in accordance with the special rules * *. The newly prepared invoice must be sent to the customer no later than the third working day following the delivery of the defective invoice to the supplier, the supplier must indicate the date on which the defective invoice was received by the supplier. If the supplier has not sent the new invoice in due time, he shall be obliged to pay the periodic penalty payment pursuant to Paragraph 22 (1).
(2) If the buyer returned the invoice to the supplier because the works and products which under this decree were not yet invoiced (§ 15) have been invoiced, the supplier is obliged to cancel the refund invoice and issue a new invoice after the right to invoice has been established.
Prices
(1) It is invoiced at prices in accordance with the rules in force on the date on which the right to invoice is established.
(2) Where the price of products invoiced at wholesale prices is not approved at the time of delivery or at the time of invoicing (monthly or stage invoicing), the central authority of the supplier may, where justified and in accordance with the applicable price regulations, authorise invoicing at a price which it shall determine.
(3) If the invoice is made out by a supplier pursuant to paragraph 2, he must state this on the invoice. If the invoiced price is higher than the price subsequently approved, the supplier shall return the excess. The supplier is obliged to pay the excess within 10 days of the date on which he could invoice the approved price. If the supplier is in default of payment, he is obliged to pay a fee for late payment in accordance with § 22. If the approved price is higher than the originally invoiced price, the supplier shall invoice this difference no later than 3 working days after obtaining all the supporting documents for the determination of the approved price in a separate supplement to the original invoice.
Route delivery
(1) Track-side supplies can be invoiced under this Order if all relationships between the different parties to the line-side supply (suppliers, customers) are subject to invoicing under this Order.
(2) Each of the suppliers of the line-side supply, with the exception of the consignor of the line-side supply, is subject to the right and obligation to invoice on the third working day following the date on which the time limit for sending the invoice has expired for the previous supplier.
Invoice of supply of foreign trade enterprises to domestic
(1) Foreign trade companies are invoiced under this decree only if the investor is their customer,
(a) imported machinery, equipment and sets of machinery and equipment or parts thereof;
(b) imported assembly;
(c) imported separate projects, i.e. not included in the price of imported machinery, equipment or sets of machines and equipment.
(2) The supplies referred to in the preceding paragraph are invoiced in full if the foreign trade undertaking pays at the same time abroad; otherwise, these organisations shall invoice invoices by stage invoices; a partial delivery may also be invoiced by a stage invoice, which does not correspond to the stage agreed with the foreign supplier, but which has been negotiated in a contract with the investor.
(3) Foreign trade undertakings are obliged to operate in the negotiation of contractual relations with foreign suppliers in order to determine the stages in advance. For separate projects supplied, the supply of documentation must be maintained in no more than 3 parts (usually preliminary project, main project, implementation project).
(4) The invoice for imported machinery and equipment or for sets of machines and equipment or, where applicable, in the Annex to this invoice, shall contain the detailed specification of the supply or part thereof or a reference to the document containing the following details (e.g. a packing note, if the investor receives it).
(5) An invoice for the imported assembly must be accompanied by a copy of the assembly statement signed by the investor.
(6) The right and obligation to invoice arises
(a) for the supply of machinery and equipment or sets of machinery and equipment - the date of their arrival at the Czech border, except for imported projects which, although included in the supply, are sent by post;
(b) for imported installations - the date on which the foreign trade undertaking received the invoice from the foreign supplier,
(c) in the case of imported projects received by post to the address of the foreign trade firm - the date of submission of the post office projects for further transport in the country,
(d) for imported projects received by post directly to the investor - the date on which the foreign trade firm received the invoice from the foreign supplier.
(7) An invoice for the supply of machinery and equipment or a set of machines and equipment must be sent by the foreign trade firm to the investor within 5 working days and in other cases [paragraph 6 (b), (c) and (d)] within 2 working days of the date on which the right and obligation to invoice arises.
(8) Only supplies paid to the investment account may be included in the invoice; spare parts are included in the invoice only if they are included in the price of the machine or equipment, only to the extent appropriate to the first equipment. Deliveries not paid into the investment account shall be invoiced in accordance with specific rules. *)
(9) Otherwise, the provisions of this Order are applicable to the invoicing of supplies from imports, except for Sections 1 (4), (5), 2-5, 7-14, 15 (2), 16 (2), (4), (5) and 25.
Payment of invoices
(1) The way invoices are paid is governed by specific rules. * *)
(2) The invoice shall be payable to the customer on the 10th day following its dispatch, unless the special rules provide otherwise or if the organisation fails to evaluate the shorter payment deadline. If the customer returns the invoice (§ 17), the payment deadline will start only after the new invoice has been sent.
Delay fee, periodic penalty payments and fines
(1) The late payment fee and the periodic penalty payment for the late delivery of the invoice are provided for in Sections 378 and 377 of the Economic Code.
(2) If the branch of the bank finds that the investor has not sent it an internal invoice within the specified period, it shall levy a fine equal to 1% of the final amount of the internal invoice for each month of delay that has elapsed.
(3) If the amount of the calculated late payment fee or penalty payment for late delivery of the invoice, or a fine of less than 10 CZK, 10 CZK shall be charged. The supplier is entitled to waive the late payment of the fee to the customer if the fee does not exceed 20 CZK. The collector is entitled to forgive the supplier of the periodic penalty payment for late delivery of the invoice and the bank is entitled to waive the fine charged to the organisations under this decree if they do not exceed 200 CZK. * * *)
The fee for late payment, periodic penalty payments and fines shall be paid by means of operational appropriations. The fines levied by the bank's branch shall be paid to the State budget. The branch of the bank is obliged to collect fines without delay.
(1) Where an investor is a customer, the supplier shall inform the supplier of the amount of the late payment (Paragraph 22) and of the reasons for that payment by letter sent to the investor by registered letter or delivered for confirmation. The investor shall, within 7 days of the dispatch of this letter, either pay a fee for the delay or inform the supplier of his objections. Only if this period has been passed in vain, the supplier shall issue a withdrawal order, *) add to it a copy of that letter which he has sent to the investor, indicating that the time limit for payment of the late payment fee or the statement of objections has passed.
(3) Economic arbitrage may, on a case-by-case basis, reduce or, where appropriate, waive periodic penalty payments or late payment if there are absolutely exceptional reasons.
If the investor does not sign the protocol within the prescribed time limit, the bank branch shall withdraw a fine of 2,5% of the final amount from the investor's account by the investor without any reason of the unsigned protocol. The same amount of fine will also be collected by the bank's branch from the investor who did not make the findings imposed in § 13.
(1) If the branch of the bank finds that the supplier (for internal invoices by the investor) has invoiced
(a) the amounts to which he is not entitled;
(b) non-integrated material and supplies (§ 15 (2) to (4));
(c) works and supplies valued in a manner other than that laid down in the price regulation, * * *)
to take a fine from him. †) The fine shall also be collected by the investor for the construction carried out in a supplier's way if it has not returned such invoice as a defective supplier and has not prevented it from being refunded.
(2) Where the supplier has invoiced amounts to which he is not entitled, the basis for the calculation of the fine shall be the amount by which he has been invoiced more. The fine rate shall be:
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Regulation Information
| Citation | Decree of the Ministry of Finance No. 205 / 1964 Coll., on invoicing and payment of supplies for investment construction and general repairs |
|---|---|
| Regulation Type | - |
| Author | - |
| Collection | Code of Laws |
| Date of Promulgation | 18.12.1964 |
|---|---|
| Effective from | 01.01.1965 |
| Effective until | - |
| Status | Valid |
The regulation text is for informational purposes only.
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