Goods Receipt Note definition

Goods Receipt Note means a confirmation document by the receiving department or requisitioner that shows that the ordered goods/services were received. It is used along with a purchase order (PO) in the "three-way match" to authorize invoice payment.
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Goods Receipt Note means a document generated by the Department at the Depots for taking stocks into account after Excise verification, received under valid Transport permit / Import permit against valid “Orders for Supply” released by the Department.
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Goods Receipt Note means a document generated / raised / prior process done by the Corporation at the depots for taking the stocks into account, received under valid transport permit / import permit and against valid “Orders for Supply” released by the Corporation
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Examples of Goods Receipt Note in a sentence

  • The PURCHASER shall do a three (3) way match between the DRC Purchase Order, the SUPPLIERS Invoice, and the DRC Goods Receipt Note (received from the DRC Warehouse which has received the Goods).

  • The offer should clearly indicate schedule of deliveries, date of commencement and completion of supplies against items indicated in the Notice Inviting Tender/ Specification which shall normally cover period for entire job of manufacture, testing, inspection and supply after acceptance of material after inspection and shall be reckoned from the date of dispatch in case of rail transport and Receipted Challan/ Goods Receipt Note in case of road transportation by Goods Carriers.

  • A 3-way match is required between PO, GRN (Goods Receipt Note) and Invoice.

  • These controls are documented in Policy P605 Purchasing and Invoice Approval and Delegation DM605 sets the authorised purchasing approval limits.After an invoice has been matched to a correct Goods Receipt Note in the financial system, payment to the relevant party must be made and the transaction recorded in the City’s financial records.

  • Contractor must ensure that the Service Entry and Goods Receipt Note number appears on the invoice.

  • The BG for 5% amount (or the 5% amount withheld in lieu of 5% BG) shall be released on satisfactory adjustment of Goods Receipt Note to be issued by consignee within the validity period of the said B.G.

  • GRN (Goods Receipt Note) by end userPlease read, sign all the tender documents, terms and conditions carefully and attached with your bidding documents.

  • SFAC will make available a CORPUS for facilitating payment to the FPOs/ FPCs/ Growers Associations after receipt of Goods Receipt Note (GRN) from the buyers.

  • Goods Receipt Note (GRN), unplanned/ cash purchases, indent raising, dispatch of items, stock adjustments.

  • Formal Documented Purchasing Arrangements for Managers and Users 2.31.1. Accounting entries associated with receipt of goods or servicesIn many cases the staff member responsible for creating and inputting what is referred to as “The Goods Receipt Note (GRN)” Gviii on the FIS will not be the same person as has checked the goods or services and / or signed off on their satisfactory receipt.

Related to Goods Receipt Note

  • debit note means a document issued by a registered person under sub-section (3) of section 34;

  • Intercompany Note means a promissory note substantially in the form of Exhibit I.

  • Consolidated Scheduled Funded Debt Payments means for any period for the Borrower and its Subsidiaries on a consolidated basis, the sum of all scheduled payments of principal on Consolidated Funded Indebtedness, as determined in accordance with GAAP. For purposes of this definition, “scheduled payments of principal” (a) shall be determined without giving effect to any reduction of such scheduled payments resulting from the application of any voluntary or mandatory prepayments made during the applicable period, (b) shall be deemed to include the Attributable Indebtedness in respect of Capital Leases, Securitization Transactions and Synthetic Leases and (c) shall not include any voluntary prepayments or mandatory prepayments required pursuant to Section 2.05.

  • Merchandise certificate means a writing not redeemable in cash and usable in its face amount in lieu of cash in exchange for goods or services.

  • Accounts Receivable means in respect of any Person, (a) all trade accounts and notes receivable and other rights to payment from customers and all security for such accounts or rights to payment, including all trade accounts receivable representing amounts receivable in respect of goods shipped or products sold or otherwise disposed of or services rendered to customers, (b) all other accounts and notes receivable and all security for such accounts or notes, and (c) any claim, remedy or other right relating to any of the foregoing.

  • Group C Obligor means an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) that is not a Group A Obligor or a Group B Obligor, with a short-term rating of at least: (a) “A-3” by S&P, or if such Obligor does not have a short-term rating from S&P, a rating of “BBB-” to “BBB” by S&P on such Obligor’s, its parent’s or it’s majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities, or (b) “P-3” by Moody’s, or if such Obligor does not have a short-term rating from Moody’s, “Baa3” to “Baa2” by Moody’s on such Obligor’s, its parent’s or its majority owner’s (as applicable) long-term senior unsecured and uncredit-enhanced debt securities; provided, that if an Obligor (or its parent or majority owner, as applicable, if such Obligor is not rated) receives a split rating from S&P and Moody’s, then such Obligor (or its parent or majority owner, as applicable) shall be deemed to have only the lower of the two rating for the purpose of determining whether such rating satisfies clauses (a) or (b) above. Notwithstanding the foregoing, any Obligor that is a Subsidiary of an Obligor that satisfies the definition of “Group C Obligor” shall be deemed to be a Group C Obligor and shall be aggregated with the Obligor that satisfies such definition for the purposes of determining the “Concentration Reserve Percentage”, the “Concentration Reserve” and clause (a) of the definition of “Excess Concentration” for such Obligors, unless such deemed Obligor separately satisfies the definition of “Group A Obligor”, “Group B Obligor”, or “Group C Obligor”, in which case such Obligor shall be separately treated as a Group A Obligor, a Group B Obligor or a Group C Obligor, as the case may be, and shall be aggregated and combined for such purposes with any of its Subsidiaries that are Obligors.