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Import purchase and export sales

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Querist : Anonymous

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Querist : Anonymous (Querist)
26 September 2016 http://www.cybex.in/Notifications/56-2000-Notification-Exempts-Gold-Silver-2591.aspx
we work in this above link.

we import from same party and export to the same party under custom notification 56/2000. so as per accounting purpose will this come in export sale and import purchase or just a labour sale.

26 September 2016 It will be covered under job work.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 September 2016 Sir but we pay for import parcel and while export they pay full amount to us.
For example
If I import the gold of 100000/-USD and export to same party in 125000/- USD
Then I pay 100000 to the import party and he also pay me 125000 for export
So it's should consider as trade or Labour sir




27 September 2016 Then it will be considered as trade.



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